569 Queen St

Sault Ste Marie, ON,

14 Units (12 Vacant)

INITIAL PRICE

$875,000

ARV

$1,750,000

569 Queen St

Sault Ste Marie, ON,

14 Units (12 Vacant)

INITIAL PRICE

$875,000

ARV

$1,750,000

569 Queen St

Sault Ste Marie, ON,

14 Units (12 Vacant)

INITIAL PRICE

$875,000

ARV

$1,750,000

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Property Features

The property comprises 14 units and provides an excellent opportunity for investors seeking to enhance returns through strategic improvements. The property has considerable growth potential, with 12 of the 14 units presently vacant and available for immediate turnover and renovation. This purpose built multi-unit features electric baseboard heating, which will help keep expenses low for the owner and boost cash flow once the property is stabilized. Additionally, the property offers ample parking for future tenants and is conveniently located near Algoma Steel and other major corporations, making it attractive to a blue-collar tenant profile.

Property Features

The property comprises 14 units and provides an excellent opportunity for investors seeking to enhance returns through strategic improvements. The property has considerable growth potential, with 12 of the 14 units presently vacant and available for immediate turnover and renovation. It features electric baseboard heating, which will help keep expenses low for the owner and boost cash flow once the property is stabilized. Additionally, the property offers ample parking for future tenants and is conveniently located near Algoma Steel and other major corporations, making it attractive to a blue-collar tenant profile.

Year Built

N/A

Zoning

RM9H

Parking

14+

Foundation Type

Block

Hydro

Seperate Meters

Furnace/Heat

Electric Baseboard

Roof Age/Condition

Tar flat - Needs Replacing

Window Condition

Fair

Exterior Building

Brick

Plumbing Type

PVC, PEX, Copper

Year Built

N/A

Zoning

RM9H

Parking

14+

Foundation Type

Block

Hydro

Seperate Meters

Furnace/Heat

Electric Baseboard

Roof Age/Condition

Tar flat - Needs Replacing

Window Condition

Fair

Exterior Building

Brick

Plumbing Type

PVC, PEX, Copper

Photo Gallery

Rent Roll

Expenses

Unit #

Unit 1

Unit 2

Unit 3

Unit 4

Unit 5

Unit 6

Unit 7

Unit 8

Unit 9

Unit 10

Unit 11

Unit 12

Unit 13

Unit 14

Bed & Bath

2/1

2/1

2/1

1/1

1/1

2/1

2/1

3/1

2/1

1/1

1/1

1/1

1/1

1/1

Rental Income

$682.91

$1400

$1400

$1200

$1200

$1400

$1400

$1600

$1400

$1200

$1200

$1200

$525

$1200

Status

Tenanted

Vacant

Vacant

Vacant

Vacant

Vacant

Vacant

Vacant

Vacant

Vacant

Vacant

Vacant

Tenanted

Vacant

Annual

Property tax - $8,450

Insurance $7,000

Hydro (common) - 1,500

Gas - 1,900

Maintenance & Repair - $8,163

Management - $10,204

Photo Gallery

Rent Roll

Bed & Bath

Unit 1 - 2/1 - $682.91 - Tenanted

Unit 2 - 2/1 - $1400 - Vacant

Unit 3 - 2/1 - $1400 - Vacant

Unit 4 - 1/1 - $1200 - Vacant

Unit 5 - 1/1 - $1200 - Vacant

Unit 6 - 2/1 - $1400 - Vacant

Unit 7 - 2/1 - $1400 - Vacant

Unit 8 - 3/1 - $1600 - Vacant

Unit 9 - 2/1 - $1400 - Vacant

Unit 10 -1/1 - $1200 - Vacant

Unit 11 - 1/1 - $1200 - Vacant

Unit 12 - 1/1 - $1200 - Vacant

Unit 13 - 1/1 - $525 - Tenanted

Unit 14 - 1/1 - $1200 - Vacant

Expenses

Annual

Property tax - $8,450

Insurance $7,000

Hydro (common) - 1,500

Gas - 1,900

Maintenance & Repair - $8,163

Management - $10,204

Call or Email for more information, photos, and showings.

Call or Email for more information, photos, and showings.


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Our company comprises professionals from the real estate industry and utilizes state-of-the-art systems.

Copyright 2024. All Right are Reserved. Ap1 Investments