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In-PersonVirtual Tour
$ 1,499,900
Est. payment | /mo
9 Baths
11,592 SqFt
$ 1,499,900
Est. payment | /mo
9 Baths
11,592 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,592 sqft
Price per Sqft $129
Subdivision Sturgeon Falls
MLS® Listing ID X12095105
Originating Board North Bay and Area REALTORS® Association
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 20
Private Pool No
Building
Sewer Sanitary sewer
Listed by RE/MAX CROWN REALTY (1989) INC