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$1,800,000
Status: For Sale
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.
| Property Type | :Commercial Sale |
|---|---|
| MLS Number | :40654405 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :23 Oct, 2024 (26 Days ago) |
| Source | :North Bay |
| Area | :Nipissing |
|---|---|
| City | :Sturgeon Falls |
| Area Major | :West Nipissing |
| Area Minor | :Sturgeon Falls/Cache Bay/Crystal Falls |
| Postal Code | :
P2B 1R8
|
| Directions | :HWY 17W to Sturgeon Falls, Right onto King Street |
| Price | : $1,800,000 |
|---|---|
| Property Taxes | :$16500 |
| Tax Year | :2024 |
|---|
| Place of Worship | :No |
|---|---|
| Cross Street | :Queen or William Street |
| Approx Square Footage | :11592 sqft |
|---|
27 Sep, 2024
TREB #40654405
Listed
$1800000
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