$750,000
173 King ST West Nipissing, ON P2B 1R6
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$750,000
Est. payment /mo
8,859 SqFt
Active
173 King ST West Nipissing, ON P2B 1R6
UPDATED:
09/17/2024 01:07 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,859 sqft
Price per Sqft $84
MLS Listing ID X9352950
Annual Tax Amount $6,412
Tax Year 2023
Property 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!
Location
Province ON
County Nipissing
Interior
Cooling No
Exterior
Garage Spaces 12.0
Utilities Available Available
Parking Type None
Others
Security Features No
Listed by KELLER WILLIAMS REFERRED URBAN REALTY
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