Outstanding investment opportunity in the heart of Sturgeon Falls! This fully tenanted mixed-use property at 173 King St. features 2 commercial units and 6 residential apartments, generating a total of $98,302.08 in annual income with a solid 8.66% ROI.Commercial Units: Unit A Office cleaning company. Lease extended through July 1, 2025. Tenant pays hydro. Rent: $898/mo (with HST), increasing to $920.45/mo after renewal. Unit B Accountants office. All-inclusive 5-year lease from May 2022 to May 2027 with 5% annual increases. Current rent: $957.74/mo (with HST).Residential Units: 1-Bedroom (tenant pays hydro & heat): $741.74 4-Bedroom (all-inclusive): $1,938.00 Bachelor: $785.15 3-Bedroom (tenant pays hydro & heat): $948.71 Basement Apartment: $1,000.00 Bachelor: $922.50Property is fully leased with a mix of all-inclusive and tenant-paid utility arrangements. Excellent tenancy, stable cash flow, and prime location make this an ideal addition to any portfolio.Extras: Some residential units include laundry. (id:59911)
MLS® Number | X12011514 |
Property Type | Single Family |
Community Name | Sturgeon Falls |
Amenities Near By | Park |
Parking Space Total | 12 |
Age | 100+ Years |
Basement Features | Apartment In Basement |
Basement Type | N/a |
Exterior Finish | Brick |
Foundation Type | Block |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Stories Total | 3 |
Size Interior | 5,000 - 100,000 Ft2 |
Type | Other |
Utility Water | Municipal Water |
No Garage |
Acreage | No |
Land Amenities | Park |
Sewer | Sanitary Sewer |
Surface Water | Lake/pond |
Cable | Available |
Sewer | Available |
Vlad Petoukhov
Salesperson
(416) 572-1016
(416) 572-1017
www.whykwru.ca/
Mitra Nobakht-Eivaly
Salesperson
(416) 572-1016
(416) 572-1017
www.whykwru.ca/