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6 Algoma St, Wawa, Ontario P0S 1K0 (24600373)


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6 Algoma St Wawa, Ontario P0S 1K0

17200 sqft
Baseboard Heaters

$1,895,000

Attention Investors! Opportunity In Wawa, On At A Significant C.A.P. Rate. This Multi-Family Offering Is 18 Units Across 3 Floors (17 X 2 Bedroom, 1 X 1 Bedroom). Located On Wawa Lake In The Heart Of The Community. Wawa Is Considered The Hub For The Mining And Forestry Industries Of Northern Ontario. Invest In A Well-Maintained, Fully Tenanted Property With Significant Upside On Rents. Take This Property From Its Current 5% To A 10% Cap In A Short Period Of Time!**** EXTRAS **** 75% First Position Vendor Mortgage Available (Interest Only) At Below Market Rates. Coin Laundry & Tenants Pay Own Hydro. 10.29% Cap Projection Based On Suite Turnover. (id:39567)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X5677213
Property Type Multi-family

Building

Heating Type Baseboard Heaters
Size Interior 17200 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No

https://www.realtor.ca/real-estate/24600373/6-algoma-st-wawa

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