PRICE DROP!! Now offering just under 7% CAP RATE - it's hard to find buildings cash flowing like this one! This fantastic investment opportunity is in the heart of Preston with new investment happening all around and a plan for future LRT nearby. A well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants makes this a true turn-key opportunity. With 4 residential units and 2 commercial, this building offers a good mix of income streams with fantastic upside potential. 2- two bedroom units and 2 - one bedroom units on the upper levels. The Main floor commercial offers great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today (id:4555)
PROPERTY SPECS
Price $1,449,999
City Cambridge, Ontario
Address 660 KING Street
Listing ID 40827597
Square Footage 7412
Style Residential Commercial Mix
Construction Concrete block, Concrete Walls
Type Industrial/Commercial
Status For Sale
EXTENDED FEATURES
SubtypeOtherCommunity FeaturesHigh Traffic AreaFeaturesVisual exposure, Crushed stone drivewayOwnershipFreeholdBasementFullSewerMunicipal sewage system