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$759,000
Available - For Sale
Listing ID: X12013440
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.
Price $759,000
Taxes: $6,412.79
Tax Type: Annual
Occupancy by: Tenant
Address: 173 King Stre , West Nipissing, P2B 1R6, Nipissing
Postal Code: P2B 1R6
Province/State: Nipissing
Lot Size: 134.67 x 65.87 (Feet)
Directions/Cross Streets: King St. and Queen St.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 8,859
Total Area Code:  Square Feet
Approximatly Age: 100+
Franchise: F
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: No
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS REFERRED URBAN REALTY

173 King Stre , West Nipissing, P2B 1R6, Nipissing


 
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At a Glance:
Type: Com - Investment
Area: Nipissing
Municipality: West Nipissing
Neighbourhood: Sturgeon Falls
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Lot Size: 134.67 x 65.87(Feet)
Approximate Age: 100+
Tax: $6,412.79
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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