660 King St E, Cambridge, ON N3H 3N6, Canada
660 King St E, Cambridge, ON N3H 3N6, CanadaBasics
- Date added: Added 18 hours ago
- Category: Residential Income
- Type: Multi-6-9 Unit
- Status: Active
- Bedrooms: 6
- Bathrooms: 4
- Area: 7412 sq ft
- Year built: 1931
- County Or Parish: Waterloo
- MLS ID: 40827594
Description
-
Description:
Rates are coming down and this cap-rate is going up! Currently operating at a
Show all description
6.88% cap-rate with 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
- Parking Total: 3
- Directions: Fountain to King St E
Building Details
- Number Of Units Total: 4
- Building Area Total: 7412 sq ft
- Number Of Buildings: 0
- Construction Materials: Brick Veneer
- Roof: Flat
Amenities & Features
- Water Source: Municipal
- Appliances: Dryer, Refrigerator, Stove, Washer
- Sewer: Sewer (Municipal)
- Exterior Features: Controlled Entry, Lighting
- Cooling: Central Air, Wall Unit(s)
- Interior Features: Separate Heating Controls, Separate Hydro Meters
- Heating: Baseboard, Electric, Forced Air, Natural Gas
- Frontage Type: South
