200 Rowand St Thunder Bay, Ontario P7C 2P4
$629,000
***8 PLEX***9 % CAP RATE***Solid Brick Multi-Family investment Property. 1300sf x3 flr. NEWLY RENOVATED 2021. Professionally Managed. CASH RENTAL INCOME Unit#8-$975, #7-$630, #6-$1150, #5-$630, #4-$1100, #3-$776, #2-$1000, #1-$1125->Total Monthly Rent **$7,386/m TOTAL ANNUAL RENT**$88,632 per Year*** NET INCOME $58,633.48-> 9% CAP RATE ->Property has been partially renovated and is ready to lease for new owner. 1-2Brm. 2-1Brm & 5 Bachelor. BUILDING IS ALMOST COMPLETELY RETROFITTED in 2021 (See Photos). (id:49269)
Property Details
| MLS® Number | TB250161 |
| Property Type | Multi-family |
| Community Name | Thunder Bay |
| CommunicationType | High Speed Internet |
| CommunityFeatures | Bus Route |
Building
| Age | Over 26 Years |
| BasementType | Full |
| ExteriorFinish | Brick, Siding, Stucco |
| FoundationType | Concrete Perimeter |
| HeatingType | Boiler |
| StoriesTotal | 3 |
| SizeInterior | 2720 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeFrontage | 25.0000 |
| SizeTotalText | Under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27848701/200-rowand-st-thunder-bay-thunder-bay
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April 28 2025 01:24:27
Thunder Bay Real Estate Board
Royal LePage Lannon Realty