660 King St E, Cambridge, ON N3H 3N6, Canada
660 King St E, Cambridge, ON N3H 3N6, CanadaBasics
- Date added: Added 9 hours ago
- Category: Commercial Sale
- Type: Building and Land, Mixed
- Status: Active
- Bedrooms: 0
- Year built: 1931
- County Or Parish: Waterloo
- MLS ID: 40827597
Description
-
Description:
Rates are coming down and this cap-rate is going up! Currently operating at approx. 6.88% cap-rate with
Show all description
market potential closer to 8.73% - it's hard to find buildings cash flowing like this one! This
fantastic investment opportunity is in the heart of Preston with new investment happening all around
and a plan for future LRT nearby. This well maintained 7,412 sqft mixed-use building with quality, long
term residential and commercial tenants is a true turn-key opportunity. With 4 residential units and 2
commercial, this building offers a good mix of income streams with fantastic upside potential. 2- two
bedroom units and 2 - one bedroom units on the upper levels. The Main floor commercial offers great
street exposure and long term leases. Potential for additional storage income. Equipment is all owned,
no rentals. Appliances included. Schedule a viewing today
Location
- Directions: King St
Building Details
- Number Of Units Total: 0
- Building Area Total: 7412 sq ft
- Parking Features: Concrete, Gravel
- Security Features: Alarm System, Carbon Monoxide Detector(s)
- Construction Materials: Brick Veneer, Block
Amenities & Features
- Water Source: Municipal
- Sewer: Sewer (Municipal)
- Interior Features: High Speed Internet
