162 Moyneur Ave, Matachewan, Ontario P0K 1M0

Description Priced to Sell-Great Investment with 10% Cap Rate! Detached Purpose Built 15 Unit Income Property Like No Other Situated In 1 of Timiskaming Most Rentable Neighborhoods – Matachewan! Located less than 2min from the Alomosa Gold Mine – this property has been fully rented out in the last 10 years – with a waiting list of tenants. Fully Updated & Bright Units consisting of 11 Bachelor Apts, 2 – 1 Bedroom Apts, 1-2 Bedroom Apt. Bonus Unfinished High/Dry Basement -Potential for an Additional 6-8 Rental Units. Currently, the Gross Yearly Income is $142,000.00 . The Yearly Expenses are $26,482.00 (Landlord Pays Hydro Yr-$2510.00 / Water Yr-$2221.00 / Taxes: Yr$4151.00 / Ins:Yr-$3600.00 / Maint Yr $4000.00.) The Yearly Net Income is $115,718.00. Unbelievable Net Return!