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For Sale - 141 Youngfox Road, Blind River, Ontario

Est payment $2,544/mo
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Views   6
Time on Jump  159 day

AI Summary *

  • Creative financing options available for potential investors.
  • Twelve two-bedroom units, each generating $1,350 monthly.
  • Realistic cap rate of 10% with potential for higher returns.
  • Annual income projection of $194,400 with tenants covering utilities.
  • Great investment opportunity that could significantly increase property value.




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.
Listing ID24016207
Address141 Youngfox Road
CityBlind River, Ontario
Price$500,000
ConstructionBrick, Stucco, Wood Siding
FlooringOther, See Remarks
Land Size165.98 ft x 152.73 ft x 169.11 ft x 152.…
TypeMulti-Family
StatusFor Sale

Subtype 9 - 12 UnitOwnership FreeholdFoundation SlabHeating / Cooling NoneHeating Fuel ElectricHot Water Tank N/AUtility Water Municipal WaterSewer Sanitary

Date Listed Jul 11, 2024Days on Market 163Parking Paved
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Jade Yin

Jade Yin

Realtor®

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Listing Agency:  VISION REALTY LOCAL INC.
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141 Youngfox Road
Blind River , Ontario
$500,000
Get more info