-173 King St (King St. and Queen St.)

Price : $750,000.00 , Status : Sale , MLS®# : X12013440

PUVANESWARANATHAN
Description

This mixed-use property offers steady cash flow from 2 commercial units and 6 residential apartments, generating over $95,000 in annual income. Unit A: Office cleaning company, lease renewed through July 2025, tenant pays hydro ($898 with HST). Unit B: Accountants office, 5-year lease through May 2027 with 5% annual increases ($934.38 with HST). Residential Units: Includes a 4-bedroom apartment, bachelor units, and more, with a mix of all-inclusive and tenant-paid utilities. With an 8.66% ROI and strong tenancy in place, this property is perfect for investors seeking a reliable income stream. Its an opportunity you don't want to miss! **EXTRAS** Some tenants have laundry and others don't.

Highlights

Property Details
  • Community: Sturgeon Falls
  • City: West Nipissing
  • Property Type: Commercial
  • Style: Investment()
  • Bath:
  • Garages: None ( Space)
Features
  • Heating: Gas Forced Air Closd ,

Listing Contracted With: KELLER WILLIAMS REFERRED URBAN REALTY