141 Youngfox ROAD - $500,000.00

141 Youngfox ROAD,Blind River - $500,000 - Directions


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Property Specs

Price$500,000.00
CityBlind River, ON
Address141 Youngfox ROAD
Listing ID24016207
ConstructionBrick, Stucco
FlooringOther
ParkingOther
Land Size165.98 ft x 152.73 ft x 169.11 ft x 152.…
TypeMulti-Family
StatusFor sale

Extended Features:

Ownership FreeholdCooling NoneHeating Fuel Electric

Details:

Who else wants to be a millionaire? When was the last time you could take advantage of buying a property with creative financing! Better yet, are you already a cash millionaire! This one property with a realistic potential cap rate of 10% and possibly higher may be your ticket to a financial windfall and a wealthy retirement. You do the math: Twelve two bedroom approx. 875 square foot units at $1,350 each per month and the tenants pay utilities gives you $194,400 income per year. At a very low and realistic net income of $138,240 times a cap rate of 10% makes this property worth $1,382,400. With properties today selling at 5% cap rates, this one property all by itself could be worth $2,764,800. Doesn’t that make you a millionaire? For a more detailed information package contact Listing Agent. (id:4555)
LISTING OFFICE:
Vision Realty Windsor, Vic Pattenaude
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