859 Trunk Road, Sault Ste Marie, ON P6A 3T3

Northern part of Sault Saint Marie on a major thoroughfare. 17 rental apartment suites – 16 bachelors and 1 one bed. Large site with ample surface parking. Fully occupied with rental upside. Many suites have been updated in the past 2 years. Solid wood frame construction and great curb appeal. Low maintenance building with no common areas, elevator or underground parking. Great first time investor purchase. Management in place to assume if needed. Asking a 7% cap rate or $67,000 per unit – way below replacement costs. ROI is over 16% on asking price. CASH FLOW……