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Commercial With Residential On Second Floor

$649,900

For Sale: , in

Commercial with Residential on second floor

Rahim Charania

Realtor

Very responsive to messages

Listing Details

Subtype: Multiplex

Total building size (sq. ft.): 3626

Zoning: C1

Floors: 2

Beds: 2

Baths: 4

Lot Size: 0.5

Financial Details

Net operating income: $67,978

Cap rate: 9.7%

Description

An opportunity like this doesn't come often! Ideal for a owner operator or a savvy investor. Main Floor commercial area currently operating as a salon/spa. Can be leased for $3500 monthly +TMI at current market rent. Second floor currently is a 3 bedroom, 2 bathroom residential unit with living room, kitchen and balcony. This unit can be easily converted into 2 separate units with separate entrances and rent for $1600 and $1300/month each. Just over 1/2 acre with ample parking that can be leased out for extra income. Can provide pro-forma, survey and expenses; 9.7 CAP excluding mortgage. This one wont last long! Act fast. . . . .

Location & nearby

This listing is located in Parkhill, ON N0M 2K0

Unit #206 Main Street, Parkhill, ON, Canada

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Rahim Charania

Realtor

Very responsive to messages


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