Frank Gallo
Sales Representative
Homelife Classic Realty Inc., Brokerage, Brokerage
Independently owned and operated.
1600 Steeles Ave. W, Unit 36, Vaughan, Ontario L4K4M2
Cell: 416-433-5981Office: 647-479-8477Fax: 647-479-8457
$1,950,000
Available - For Sale
Listing ID: X12151705
33-39 King Stre East , Cramahe, K0K 1S0, Northumberland
| 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! ***MOTIVATED SELLER Opportunity to bundle multiple listings for a better CAP and price. See MLS listings X12151686, X12151707, X11893749, X12151667. Willing to sell these 27 units at an overall reduced price. |
| Price | $1,950,000 |
| Taxes: | $16100.52 |
| Tax Type: | Annual |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 0.36 |
| Total Area Code: | Acres |
| Management Expense: | 14320 |
| Water Expense: | $14592 |
| Vacancy Allowance: | 3580 |
| Net Income Before Debt: | $153588 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| RE/MAX JAZZ INC. |
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Frank Gallo
Sales Representative
Dir:
416-433-5981
Bus:
647-479-8477
Fax:
647-479-8457
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Northumberland |
| Municipality: | Cramahe |
| Neighbourhood: | Colborne |
| Tax: | $16,100.52 |
| Fireplace: | N |
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