49 COBALT STREET, Cobalt

$139,900 · 7 Bed 3 Bath

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About this property

Fully rented tri-plex in a convenient downtown location, it's an excellent opportunity to add an affordable income property to your portfolio grossing a little over $39,825/yr in rents. The building offers two 3-bedroom units and one 1-bedroom unit, all currently rented with utilities included. Each unit features its own fridge, stove, washer and dryer. Recent improvements include a furnace (2019), new tin roof on second floor and rear siding (2019), and newer tin on the stairwell serving Unit #3 (2020). The building could use some TLC and is priced accordingly. The property also features a 40x36 vacant lot that could be cleared for more parking. Currently, there is one off-street parking space plus two street-side spaces. A solid investment opportunity for the right buyer! (id:66939)

Property details

Price
$139,900
Bedrooms
7
Bathrooms
3
Parking
3
Property type
Multi-family
Basement
Unfinished, N/A
MLS® number
T13748228

Location

Map showing the location of 49 COBALT STREET, Cobalt

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Source board: Timmins, Cochrane & Timiskaming District Association of REALTORS®.

Listing data is provided by the Canadian Real Estate Association (CREA) through the REALTOR.ca Data Distribution Facility (DDF®) and is deemed reliable but not guaranteed accurate. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listings displayed may be held by brokerages other than Hamodi Realty / HomeLife Miracle Realty.