324 Korah Rd

For Sale 83 Days
$649,900
beds
baths
2,400 Sqft

324 Korah Rd

For Sale 83 Days
$649,900
beds
baths
2,400 Sqft

Highlights

Key insights

Description

Here’s the value-add investment opportunity you’ve been waiting for. This solid, purpose-built brick 4-plex is located in a desirable west end neighbourhood close to Market Mall, public transit, and all amenities. The building features four self-contained units, including three spacious 2-bedroom units and one spacious 3-bedroom unit. Each unit is separately metered with five hydro meters in the building, allowing tenants to pay their own power and keeping your operating costs down. Additional income potential comes from the on-site coin laundry, and each unit benefits from individual storage. Most of the units have already been updated with new flooring, doors, trim, and paint. The building offers secure front and rear entrances and ample parking for tenants. What truly sets this property apart is that three of the four units are currently vacant, giving you a rare chance to set your own rents at current market value from day one. Whether you’re a seasoned investor looking to expand your portfolio, or a new buyer seeking a strong income-generating asset with upside, this property offers the flexibility, location, and potential to deliver solid returns. Don’t miss out on this rare opportunity in a tight rental market. (id:63267)

Carlo Gervasi of Century 21 Choice Realty Inc.,
#SM252089
updated 4 weeks ago.

Home overview

Amenities / Utilities
  • Heat type
    Baseboard heaters
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    1
Location
  • Subdivision
    Sault ste. marie
Overview
  • Lot size (acres)
    0.0
  • Building size
    2400
  • Listing #
    Sm252089
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28668888/324-korah-rd-sault-ste-marie-sault-ste-marie
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-1,733

/ Month
25 Years fixed, 20% down payment, % interest
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