167-173 Gore Street , Sault Ste Marie, ON P6A 1M3
Sault Ste Marie, ON P6A 1M3
Description
A prime investment opportunity, this well-maintained building offers close to 9,000 sq. ft. of rentable space. The main floor, currently vacant and zoned commercial, awaits your vision. The second floor features 9 residential 1 bedroom apartments, each generating $1,180/month in rent plus heat and electric. With a current monthly income of $10,620, the property is occupied by quality tenants, fostering a safe and secure community. Recently rebuilt with engineering and city permits, encapsulating masonry, windows, framing, electrical, plumbing, fire-rated drywall, and insulation. The building also features separate meters and minimal maintenance. This property offers security in a highly attractive cap rate alongside robust cash flow. Priced to sell.
Details
| Mls | X9233421 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Sold Conditional |
| Days On Site | 128 |
| Listing Provided By | RE/MAX REALTRON REALTY INC. | Not Provided |
Features
| Beds | 9 |
|---|---|
| Baths | 9 |
| Basement | Y |
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Learn More About This Property
| State | ON |
|---|---|
| County | Algoma |
| City | Sault Ste Marie |
| Zip Code | P6A 1M3 |
| Listing VS Median (in P6A 1M3) | |
Price: $899,900 low | high Med: $899,900 On Site: 128 low | high Med: 128.000000 | |