173 KING STREET

West Nipissing, Ontario, P2B1R6, Canada

$750,000

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.

Last updated on : Wednesday 16th of October 2024 02:56:15 PM

ADDRESS

Street : 173 KING STREET

City : West Nipissing

Province : Ontario

Country : Canada

Postal Code : P2B1R6

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PROPERTY SUMMARY

Property ID : X9352950

Building Type : Multi-Family

Property Type : Multi-family

Parking : 12

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