Solid Investment Opportunity! Fully Leased 6-unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: This property is situated at a high-traffic corner and offers excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Dont miss this as-is, passive income opportunity.
Extras
6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)
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Detailed Information
Freestanding
Y
Lot
19.28 x 132.56 ft
Total Area
2,551 ft2
Approximate Age
51-99
Elevator
None
Air Conditioning
N
Basement
Y
Garage Type
Outside/Surface
Heat Type
Gas Forced Air Closd
Financial Statement
Y
Gross Income/Sales
$202,080
Net Income Before Debt
$168,087
Hydro Expense
$4,378
Water Expense
$2,400
Heat Expenses
$3,942
Insurance Expense
$3,000
Operating Expenses
$45,993
Year Expenses
$2,023
Expenses Actual/Estimated
Act
% Building
100
Sewers
San Avail
Utilities
A
Water
Municipal
Lot/Bldg/Unit Code
Lot
Zoning
Commercial
Seller Property Info Statement
Y
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