Property Description for 31 JOHN Street
Modernized four-unit building features three 2-bedroom units & one 1-bedroom unit, each equipped with in-suite laundry and individually metered for hydro, ensuring streamlined operations and predictable expenses. Net annual income of $50,796 (after management, vacancy, & maintenance fees). Gross annual income of $72K, this turn-key asset offers solid returns. Double the rental income by adding four more units makes this a strategic investment! The property is zoned R3, includes a substantial side lot, offering the potential to build an additional 4-plex—positioned to get a permit and start building plans! Located on a desirable corner lot in Sturgeon Falls, close to essential amenities such as parks, restaurants, shopping, and the Upper Sturgeon River, it attracts professional tenants. . Potential vendor take-back (VTB) financing available, this property presents a compelling opportunity for investors and builders looking to capitalize on future growth. (id:38686)
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Property Details
Property Tax
: $4,128MLS® #
: 40621842
Home Features
Property Type
: MultiFamilySquare Footage
: 1,750 SQFTSubdivision
: Sturgeon Falls/Cache Bay/Crystal Falls
Interior Features
Heating
: ["Baseboard heaters", "Electric"]Basement
: ["Unfinished", "Partial"]
Exterior Features
Roof
: []
Utilities
Sewer
: ["Municipal sewage system"]
Other
Parking Features
: []Fireplace Features
: []Exterior Features
: Vinyl siding
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