173 KING STREET, West Nipissing, Ontario
$750,000
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 dont want to miss! (id:23309)
- Listing ID: X9353133
- Property Type: Single Family
Schedule a Tour
Schedule Private Tour
Mal Kearns would happily provide a private viewing if you would like to schedule a tour.
Listing provided by KELLER WILLIAMS REFERRED URBAN REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 173 KING STREET in West Nipissing Ontario. It was last modified on September 17th, 2024. Contact Mal Kearns to schedule a viewing or to discover other West Nipissing properties for sale.