209 KING Street

Sturgeon Falls, Ontario, P2B1R8, Canada

$1,800,000

Investment Opportunity 209 King St in Sturgeon Falls. This turn-key, well maintained mixed use property features 6 residential apartments and 3 commercial units. 11,500 Total Sqft, parking for 20 cars, located in the commercial hub of the city. 5 of 6 apartments are vacant on closing, new owner can set their rates and choose tenants. Previously operated as an AIRBNB, all furnishings included in this offering. Strong commercial tenant base Pet Valu, 2/4/1 Pizza and La Vie En Couleur. Leases in place, available to qualified buyers. 2 car garage currently owner occupied can be used for additional income. Projected Gross Revenue $222,785. With a potential cap rate of 8.5%. Seller currently in the process of transitioning to long term rentals, current market rents to be applied.

EXTRAS: Visual exposure

Last updated on : Friday 27th of September 2024 04:46:43 PM

ADDRESS

Street : 209 KING Street

City : Sturgeon Falls

Province : Ontario

Country : Canada

Postal Code : P2B1R8

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PROPERTY SUMMARY

Property ID : 40654405

Property Type : Office

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