10% Cap Rate - Investment Opportunity 209 King St in Sturgeon Falls. This turn-key, well maintained mixed use property features 6 residential apartments and 3 commercial units. 11,500 Total Sqft, parking for 20 cars, located in the commercial hub of the city. 5 of 6 apartments are vacant on closing, new owner can set their rates and choose tenants. Previously operated as an AIRBNB, all furnishings included in this offering. Strong commercial tenant base Pet Valu, 2/4/1 Pizza and La Vie En Couleur. Leases in place, available to qualified buyers. 2 car garage currently owner occupied can be used for additional income. 5 vacant apartments, Projected Gross Revenue: $223,290, Expenses: $73,687 Net Operating Income: $149,602.70. (id:4069)
Address
209 KING STREET
List Price
$1,499,900
Property Type
Retail
Area
Ontario
Sub-Area
West Nipissing (sturgeon Falls)
Bathrooms
9
Floor Area
11,592 Sq. Ft.
Lot Size
66 x 264 FT Sq. Ft.
MLS® Number
X12095105
Listing Brokerage
RE/MAX CROWN REALTY (1989) INC
Postal Code
P2B3B1
Zoning
C1
Site Influences
Highway
