173 King Street,West Nipissing (Sturgeon Falls), ON P2B1R6
West Nipissing (Sturgeon Falls), ON P2B1R6
Description
Outstanding investment opportunity in the heart of Sturgeon Falls! This fully tenanted mixed-use property at 173 King St. features 2 commercial units and 6 residential apartments, generating a total of $98,302.08 in annual income with a solid 8.66% ROI.Commercial Units: Unit A Office cleaning company. Lease extended through July 1, 2025. Tenant pays hydro. Rent: $898/mo (with HST), increasing to $920.45/mo after renewal. Unit B Accountants office. All-inclusive 5-year lease from May 2022 to May 2027 with 5% annual increases. Current rent: $957.74/mo (with HST).Residential Units: 1-Bedroom (tenant pays hydro & heat): $741.74 4-Bedroom (all-inclusive): $1,938.00 Bachelor: $785.15 3-Bedroom (tenant pays hydro & heat): $948.71 Basement Apartment: $1,000.00 Bachelor: $922.50Property is fully leased with a mix of all-inclusive and tenant-paid utility arrangements. Excellent tenancy, stable cash flow, and prime location make this an ideal addition to any portfolio.Extras: Some residential units include laundry. (id:13843)
Details
| MLS # | X12013440 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Days On Site | 125 |
| Listing Provided By | KELLER WILLIAMS REFERRED URBAN REALTY | VLAD PETOUKHOV |
Features
| SQ Feet | 8,859 |
|---|---|
| Zoning | C1 |
Taxes
| Property | 1576 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| City | West Nipissing (Sturgeon Falls) |
| Postal Code | P2B1R6 |
| Listing VS Median (in P2B1R6) | |
Price: $759,000 low | high Med: $759,000 SqFt: 8,859 low | high Med: 8,859 $ / SqFt: $86 low | high Med: $86 On site: 125 low | high Med: 125.000000 | |
