346 Bruce St Sault Ste. Marie, Ontario P6B 1P7
$299,000
**Prime Investment Opportunity: Income-Generating Multifamily Property** Located at 346 Bruce Street , Sault Ste. Marie this multifamily building features three distinct units, each offering strong rental income and significant potential for future growth. The upstairs three-bedroom unit rents for $1,550/month plus utilities, providing a spacious and comfortable living space. The lower two-bedroom unit, rented at $1,350/month plus utilities, is cozy and well-maintained and recently renovated. Additionally, there is an unfinished bachelor unit with great potential to increase cash flow. This property is cash flow positive, with reliable tenants and ready for the next investor. It's conveniently located near schools, shopping centers, and public transportation, making it an attractive option for renters. With low maintenance needs and room for value-adding renovations, this multifamily property presents a solid investment opportunity with immediate returns and future development possibilities. Call today to schedule a viewing and explore its potential! (id:49269)
Property Details
| MLS® Number | SM241773 |
| Property Type | Multi-family |
| Community Name | Sault Ste. Marie |
| CommunicationType | High Speed Internet |
| CommunityFeatures | Bus Route |
Building
| Age | Over 26 Years |
| Appliances | Window Air Conditioner |
| BasementType | Full |
| ExteriorFinish | Brick, Siding, Vinyl |
| FoundationType | Stone |
| HeatingType | Baseboard Heaters, Forced Air |
| RoofStyle | Flat |
| StoriesTotal | 2 |
| SizeInterior | 3000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Parking
| Concrete | |
| Gravel |
Land
| AccessType | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeFrontage | 98.9000 |
| SizeIrregular | 98.8x35 |
| SizeTotalText | 98.8x35|under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27163249/346-bruce-st-sault-ste-marie-sault-ste-marie
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July 12 2024 04:31:07
Sault Ste. Marie Real Estate Board
Century 21 Choice Realty Inc.