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
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