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173 King Street, West Nipissing, ON P2B1R6
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$739,000
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Home Details for 173 King Street
Price
$739,000
Type
Multi Family
Sq. Ft.
8859
Lot Size
Bldg=134.67 x 65.87 FT ; 134.67 ftx65.87 ftx 34.31 ftx65.87 ft
Listing #
27423819
On exitrealty.com
151 days
Property Description
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 don't want to miss! **EXTRAS** Some tenants have laundry and others don't. (id:31684)
- Heating Information
- Forced Air
- Natural Gas
- Fire Place
- False
Listing Courtesy: KELLER WILLIAMS REFERRED URBAN REALTY

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$739,000
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