$209,900 Sale

Listed 19 days ago

32 Wallace TER

MLS® sm262650 Multi Family

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 1100

Est. mortgage

$796/mo

Key Facts

Key facts for 32 Wallace TER

Property Type

Apartment

Parking

Garage: No, 0 parking

MLS #

SM262650

Size

1100 sqft

Basement

Full

Listed on

Lot size

Tax

Days on Market

Year Built

1930

Maintenance Fee

Description

Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.39% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, ...while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for investors looking for immediate rental income with room to grow! (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

1100 sqft

Basement

Full

Heating Type

Forced air

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

1100 sqft

Basement

Full

Heating Type

Forced air

Full Bathrooms

Half Bathrooms

Exterior

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Building Description

Home Type

Apartment

Subtype

Multi Family

Year Built

1930

Exterior

Aluminum siding

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Year Built

1930

Exterior

Aluminum siding

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Sault Ste. Marie

Area Code

Sault Ste. Marie

Features

Bus Route

Community

Sault Ste. Marie

Area Code

Sault Ste. Marie

Features

Bus Route

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Kyle Schneider

Email: [email protected] Cell: 705-257-1441