188 Church St, Sault Ste. Marie, Ontario

$349,900

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2,750

Square feet

About 188 Church St

188 Church St – Turnkey 5-Plex | 13.1% Cap Rate Excellent opportunity to add a cash-flowing 5-unit investment property to your portfolio. Featuring a strong unit mix of three 1-bedroom units and two 2-bedroom units, this property offers steady rental demand and stable tenancy appeal. Efficient natural gas boiler heat helps maintain predictable operating costs, while the newer detached double garage provides additional income potential through storage or parking rentals. Generating $62,580 gross annual income with a 13.1% cap rate, this is an attractive opportunity for investors seeking strong returns and long-term performance. (id:36535)

Features of 188 Church St

Listing # SM261200
Price $349,900
Bathrooms 0.00
Square Footage 2,750
Acres 0.00
Year Built 1904
Type Multi-family

Community Information

Address 188 Church St
Subdivision Sault Ste. Marie
City Sault Ste. Marie
Province Ontario
Postal Code P6A3H5

Amenities

Utilities Cable, Electricity, Natural Gas, Telephone
Parking Detached Garage, Gravel
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Heating Radiant/Infra-red Heat, Boiler
Fireplace No
# of Stories 2
Has Basement Yes
Basement Type Full

Exterior

Exterior Brick, Steel
Foundation Stone

Listing Details

OfficeCourtesy Of Century 21 Choice Realty Inc.

Listing Map