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)
Business Type | Residential |
Business Sub Type | Apartments |
MLS® Number | X12013440 |
Property Type | Multi-family |
Community Name | Sturgeon Falls |
Parking Space Total | 12 |
Age | 100+ Years |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Size Exterior | 8859 Sqft |
Size Interior | 8,859 Ft2 |
Type | Multi-family |
Utility Water | Municipal Water |
Acreage | No |
Size Depth | 65 Ft ,10 In |
Size Frontage | 134 Ft ,8 In |
Size Irregular | Bldg=134.67 X 65.87 Ft ; 134.67 Ftx65.87 Ftx 34.31 Ftx65.87 Ft |
Size Total Text | Bldg=134.67 X 65.87 Ft ; 134.67 Ftx65.87 Ftx 34.31 Ftx65.87 Ft |
Zoning Description | C1 |
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/