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$ 949,500
Est. payment | /mo
4,352 SqFt
$ 949,500
Est. payment | /mo
4,352 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,352 sqft
Price per Sqft $218
Subdivision Sault Ste. Marie
MLS® Listing ID SM253131
Year Built 1949
Source Sault Ste. Marie Real Estate Board
Property Description
Welcome to 128 Second Line West ($949,500), an exceptional multi-unit income property offering immediate cash flow and incredible long-term development potential. This solid six-unit building features four 2-bedroom apartments, one 1-bedroom unit, and one spacious 3-bedroom unit, providing a balanced mix of rental options to attract a variety of tenants. Situated on an impressive 475-foot deep lot, this property opens the door to future possibilities and envision constructing another 6-plex, commercial building, or mixed-use development, subject to city approval. With the 6-plex itself, the groundwork is already laid for success, with a brand-new $43,000 maintenance-free metal roof that was recently installed, ensuring peace of mind for years to come. While some updating would enhance returns and appeal, the fundamentals are rock-solid: strong structure, desirable location, and exceptional land value. Located close to grocery stores, shopping and strip malls, the Beer Store, and countless amenities, tenants enjoy unmatched convenience. This is more than a property, it's an investment in growth, flexibility, and long-term security. Don't miss your chance to add a cornerstone asset to your portfolio. Call for additional information or to book a showing. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air
Exterior
Parking Features No
Community Features Bus Route
View Y/N No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Listed by Century 21 Choice Realty Inc.
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