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Investment Property W/ Commercial Unit & 4 Apartments

distressed sale

$2,499,900

For Sale: , , in

INVESTMENT PROPERTY W/ COMMERCIAL UNIT & 4 APARTMENTS

Anthony Spano

Realtor

Listing Details

Subtype: Apartment Building, Restaurant

Year built: 2008

Year renovated: 2019

Total building size (sq. ft.): 7800

Zoning: COMMERCIAL

Floors: 2

Sale type: For investors

Tenancy: Multiple

Beds: 8

Baths: 7

Financial Details

Net operating income: $169,000

Cap rate: 7%

Description

DISTRESSED SALE!!! Turn key investment property offered for sale at a 7 cap rate (based on current market rents). 7,800 sqft mixed-use building with commercial unit on the ground floor and four 2-bed apartments above. Completely vacant. Like new 15 year old building, fully renovated 4 years ago. All utilities separately metered. Four brand new AC units. 3% CO-OP AND $5,000 BONUS IF SOLD FIRM BY SEPT 30TH. 2% co-op if anything less than asking price is achieved. Co-op reduced by 1.5% if LA shows property without BA present. Contact listing agent directly for property photos & financials.

Location & nearby

This listing is located in Hagersville, ON N0A 1H0

37 Main St N, Hagersville, ON, Canada

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Anthony Spano

Realtor

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