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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
Single Family
Sq. Ft.
4999
Listing #
27424002
On exitrealty.com
145 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 dont want to miss! **EXTRAS** Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others. (id:31684)
- Heating Information
- Forced Air
- Natural Gas
- Basement
- N/A
- Fire Place
- False
Listing Courtesy: KELLER WILLIAMS REFERRED URBAN REALTY

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$739,000
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