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$1,950,000
Available - For Sale
Listing ID: X12151705
Exceptional investment opportunity in a prime location! This nearly 10,000 sq ft mixed-use property features 9 residential and 3 commercial units, w 10 units currently tenanted. One vacant residential unit is just completing renos and will be quickly rented. One commercial unit currently being listed and will soon be rented. Includes a fully operational, cash-generating Laundromat the only one in town owned by the seller. Zoned Village Commercial (VC), this property offers diverse usage options, with separate electrical panels. Ample owned and municipal parking available. Known as one of the nicest multi-residential buildings in town, it has a history of natural tenant turnover every ~4 years, keeping rents competitive. An excellent opportunity to separate the laundromat and sell that business. Further utility separation could explode your NOI and offer a huge bump in valuation. Don't miss out on this rare opportunity! The seller is MOTIVATED so don't miss your opportunity to purchase this at 8.68 CAP mixed-use12plex! Interior unit photos may be from prior to current tenants moving in. ***MOTIVATED SELLER Opportunity to bundle multiple listings for a better CAP and price. See MLS listings X12151686, X12151707, X12164060, X12151667. Willing to sell these 27 units at an overall reduced price.
Price $1,950,000
Taxes: $16,100.52
Tax Type: Annual
Occupancy by: Tenant
Address: 33-39 King Stre East , Cramahe, K0K 1S0, Northumberland
Postal Code: K0K 1S0
Province/State: Northumberland
Legal Description: PT LT 163-164 PL REID CRAMAHE PARTS 1 TO
Directions/Cross Streets: Victory St/King St E
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: .36
Total Area Code:  Acres
 Management Expense: 14320
Maintenance: 0
Water Expense: $14592
Vacancy Allowance: 3580
Net Income Before Debt: $153588
Expenses Actual/Estimated: $Act
Heat Type: Baseboard
Central Air Conditioning: No
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RE/MAX JAZZ INC.

33-39 King Stre East , Cramahe, K0K 1S0, Northumberland


 
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At a Glance:
Type: Com - Investment
Area: Northumberland
Municipality: Cramahe
Neighbourhood: Colborne
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Lot Size: x 167.00(Feet)
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Tax: $16,100.52
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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