19 Cayuga Street N Cayuga, Ontario N0A 1E0
$1,090,000
Rarely Offered, Ideally situated 6 unit High Cash Flowing Investment Opportunity in Cayugas Thriving Downtown Core with sought after corner location and great street exposure. This extremely well-maintained building offers 5 residential apartments which are all fully tenanted and have had numerous updates / upgrades throughout and a commercial storefront with high ceilings, large windows, hardwood floors, & 2 pc bathroom which is currently vacant & Ideal for business owner to move into or lease it out and add to overall income (approx. $1,800 per month). The residential units are comprised of 3 2 bedroom units & 2 1 bedroom units. Upgrades include upgraded roof - 2010, mechanicals, electrical, some windows, & more! Current Gross Income of $76,260 per year. Current Net Operating Income of $63,530 offering a current 6% cap rate with a projected cap rate of 8% ($85,130 NOI) once you lease the commercial storefront. Quality Tenants and easy to rent conveniently located within walking distance to all amenities, parks, schools, & Grand River. Great Investment, Income, Location, & Overall Cayuga Package! (id:47723)
Property Details
| MLS® Number | H4145457 |
| Property Type | Other |
| Parking Space Total | 3 |
Building
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings, Fan |
| Cooling Type | None |
| Fire Protection | Smoke Detectors |
| Heating Type | Hot Water Radiator Heat |
| Size Exterior | 3936 Sqft |
| Size Interior | 3936 Sqft |
| Utility Water | Municipal Water |
Parking
| Other | |
| Street |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 26 Ft |
| Size Irregular | 26 X 132 |
| Size Total Text | 26 X 132|under 1/2 Acre |
https://www.realtor.ca/real-estate/24845297/19-cayuga-street-n-cayuga
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September 07 2022 10:09:09
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.