188 Church St
Sault Ste. Marie, Ontario P6A 3H5
$
349900.00
mls number:
SM261200
bed
bath
2750
ft2
acres
Multi-family
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Property Details
Listing Description
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:39198)
Summary
Property type
Multi-family
built in
1904
square footage
2750
sqft
annual property taxes
$5,993.60
community name
Sault Ste. Marie
parking type
Not in CMS
land size
acres
time on market
Not in CMS

Interior Features

Basement type Full

Building Features

Style Multi-Family, Attached

Stories 2

Foundation type Stone

Heating & Cooling

Heating type Radiant/Infra-red Heat, Boiler

Exterior Features

Exterior finish Steel, Brick

Fencing Fenced yard

Utilities

Sewer Municipal sewage system

Water Municipal water

Utilities Natural Gas, Electricity, Cable, Telephone

Parking

Parking type Detached Garage, Gravel

Listing Description
Listing Description

Lot Features

Frontage 70 ft

Other Property Information

Community features Bus Route

Data provided by: Sault Ste. Marie Real Estate Board
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