209 KING Street Active

Sturgeon Falls,ON P2B1R8

$ 1800000

- Bed

- Bath

11592 SqFt


Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 11,592 sqft

Price per Sqft $155

Subdivision Sturgeon Falls/Cache Bay/Crystal Falls

MLS Listing ID 40654405

Originating Board North Bay and Area REALTORS® Association

Lot Size 0.407 Acres

Acres 17728.92

Property Description

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. (id:24570)

Location

Province ON

Exterior

Parking Features No

Community Features High Traffic Area

View Y/N No

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

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