209 King Street , Sturgeon Falls, ON P2B1R8
Sturgeon Falls, ON P2B1R8
Description
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. Projected Gross Revenue $222,785. With a potential cap rate of 8.5%. Seller currently in the process of transitioning to long term rentals, current market rents to be applied. (id:374)
Details
| Mls | 40654405 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 71 |
| Listing Provided By | RE/MAX CROWN REALTY (1989) INC | TUCKER ROY |
Features
| Sq Feet | 11,592 |
|---|---|
| Basement | Y |
| Storys | 3 |
| Zoning | C1 |
| Acreage | 0.41 |
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Learn More About This Property
| State | ON |
|---|---|
| City | Sturgeon Falls |
| Zip Code | P2B1R8 |
| Community Name | Sturgeon Falls/Cache Bay/Crystal Falls |
| Listing VS Median (in Sturgeon Falls/Cache Bay/Crystal Falls) | |
Price: $1,800,000 low | high Med: $798,950 SqFt: 11,592 low | high Med: 2,128 $ / SqFt: $155 low | high Med: $379 On Site: 71 low | high Med: 77.000000 | |
