660 E KING Street E Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N3H3N6
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 7,412 sqft
Price per Sqft $212
Subdivision 52 - Preston North
MLS Listing ID 40556617
Bedrooms 6
Year Built 1931
Property Description
Fantastic investment opportunity in the heart of Preston. A well-maintained mixed-use building with quality, long term residential and commercial tenants make this a true turn-key future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great upside potential. 2 - two bedroom units and 2 - one bedroom units on the upper levels. Main floor commercial with great street exposure and long-term leases. Potential for additional storage income. Parking for 3 vehicles out back. Schedule a viewing today! (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters,,Forced air,
Cooling Central air conditioning,Wall unit
Exterior
Parking Features No
Community Features High Traffic Area,Community Centre,School Bus
View Y/N No
Building
Story 2
Sewer Municipal sewage system