219 - 221 Devonshire Avenue, Iroquois Falls, P0K1E0

Home Overview

Description

Outstanding Investment Opportunity: 2-Storey Triplex. Features three spacious units: a 4-bedroom, a 2-bedroom, and a 1-bedroom currently vacant, ideal for owner-occupier or new tenant at market rent. Two units are already tenanted, generating solid cash flow. Key Financials: Gross Income Multiplier (GIM): 7X, Net Operating Income (NOI): $25,980, Cap Rate: 9.66%, Gross Rent Multiplier (GRM): 7, Operating Expense Ratio (OER): 28.78%. A strong-performing asset perfect for investors seeking immediate income and long-term upside. Don't miss this rare opportunity. (id:39198)

66 days

On Market

Multi-family

Property Type

$2,600 / Year

Est. Annual Taxes

Triplex

Style

-

Garage

Unfinished, N/A

Basement

Location & Areas