trunk rd

0 Bedroom Real Estate has been listed for sale at 859 Trunk Rd in Sault Ste. Marie for $1,155,000. Chat with a local expert, book a tour.

Sault Ste. Marie

Eastside

859 Trunk Rd

859 Trunk Rd, For Sale in Sault Ste. Marie - eXp Realty

Great 1st time apartment investor building. 2 storey frame asset former motel converted into rental apartments. Fully occupied with 10 suites renovated and affordable rental. 17 suites with about $200, 000 spent. 7% cap rate on asking price and $67, 000 per suite which is way below replacement costs. Baseboard electric heating. Large site with ample parking. Potential to sub meter hydro moving forward. Owner pays cable and internet and this could be reduced on turnover.

17 unit complex located in a prime highway location with high traffic and great visibility with close proximity to shopping centers, bus route and grocery stores.   Many recent updates, ample parking and each unit equipped with kitchenettes. Great value and an excellent investment opportunity.  Contact lbo for income/expense documents. (id:15898)

Northern part of Sault Saint Marie on a major thoroughfare. 17 rental apartment suites - 16 bachelors and 1 one bed. Large site with ample surface parking. Fully occupied with rental upside. Many suites have been updated in the past 2 years. Solid wood frame construction and great curb appeal. Low maintenance building with no common areas, elevator or underground parking. Great first time investor purchase. Management in place to assume if needed. Asking a 7% cap rate or $67, 000 per unit - way below replacement costs. ROI is over 16% on asking price. CASH FLOW......

859 Trunk Rd, Sault Ste. Marie, ON

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