**Prime Investment Opportunity: Income-Generating Multifamily Property** Located at 346 Bruce Street , Sault Ste. Marie this multifamily building features three distinct units, each offering strong rental income and significant potential for future growth. The upstairs three-bedroom unit rents for $1,550/month plus utilities, providing a spacious and comfortable living space. The lower two-bedroom unit, rented at $1,350/month plus utilities, is cozy and well-maintained and recently renovated. Additionally, there is an unfinished bachelor unit with great potential to increase cash flow. This property is cash flow positive, with reliable tenants and ready for the next investor. It's conveniently located near schools, shopping centers, and public transportation, making it an attractive option for renters. With low maintenance needs and room for value-adding renovations, this multifamily property presents a solid investment opportunity with immediate returns and future development possibilities. Call today to schedule a viewing and explore its potential! (id:50947)
| MLS® Number | SM241773 |
| Property Type | Multi-family |
| Community Name | Sault Ste. Marie |
| Communication Type | High Speed Internet |
| Community Features | Bus Route |
| Age | Over 26 Years |
| Appliances | Window Air Conditioner |
| Basement Type | Full |
| Exterior Finish | Brick, Siding, Vinyl |
| Foundation Type | Stone |
| Heating Type | Baseboard Heaters, Forced Air |
| Roof Style | Flat |
| Stories Total | 2 |
| Size Interior | 3000 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Concrete | |
| Gravel |
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 98.9000 |
| Size Irregular | 98.8x35 |
| Size Total Text | 98.8x35|under 1/2 Acre |
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27163249/346-bruce-st-sault-ste-marie-sault-ste-marie
Contact us for more information
Ryan Dodd
Broker
(705) 942-2100
(705) 942-9892
https://choicerealty.c21.ca/
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The Reitzels
Keller Williams Innovation
640 Riverbend Drive
Kitchener, ON N2K 3S2
Phone: 519-570-6299 or
519-570-4447
Email: info@TheReitzels.com
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