$1,155,000
Available - For Sale
Listing ID: X12342684
859 Trunk Road , Sault Ste Marie, P6A 3T3, Algoma
| Great 1st time apartment investor building. 2 storey frame asset former motel converted into rental apartments. Fully occupied with 10 suites renovated and affordable rental. 17 suites with about $200,000 spent. 7% cap rate on asking price and $67,000 per suite which is way below replacement costs. Baseboard electric heating. Large site with ample parking. Potential to sub meter hydro moving forward. Owner pays cable and internet and this could be reduced on turnover. |
| Price | $1,155,000 |
| Taxes: | $18285.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 859 Trunk Road , Sault Ste Marie, P6A 3T3, Algoma |
| Postal Code: | P6A 3T3 |
| Province/State: | Algoma |
| Legal Description: | Lot 33, Plan 654, S/T T420820 |
| Directions/Cross Streets: | Trunk and Boundry Road |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 0.42 |
| Total Area Code: | Acres |
| Business/Building Name: | Trunk Apartments |
| Financial Statement: | F |
| Net Income Before Debt: | $65000 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| COMMERCIAL FOCUS REALTY INC. |
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Zannatal Ferdoush
Sales Representative
Dir:
(416) 847-5288
Bus:
(416) 847-5288
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At a Glance:
| Type: | Com - Investment |
| Area: | Algoma |
| Municipality: | Sault Ste Marie |
| Neighbourhood: | Dufferin Grove |
| Tax: | $18,285 |
| Fireplace: | N |
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