Hi,
I`m looking at this property, but have no experience with commercial part of it. Asking price is 950K, we look to pay 900k. Can you please give me some insight. It is located in Toronto, close to subway
Fully Leased. Newer 3-Storey Building. Great Investment. Cape Rate 7.78% Great Location. Excellent Income. Retail 2760 Sqft. Leased 3+3 Yrs @ $2,600/Mo. + Heat/Hydro, Residential 4-2 Bdrm Deluxe Apt W/9Ft High Ceilings Each Apt. Approx 1060 Sqft Leased $1200+ Utilities. All Modern Kits, Ceramic & Wood Flrs, Security Elec Dr Entry, Separate Hydro & Gas Meter. Laundry Rm On Each Flr. B/I Garage Approx 640 Sqft Rented $325/Mo. Gross Income $93,300 Net $75,400.
I`m looking at this property, but have no experience with commercial part of it. Asking price is 950K, we look to pay 900k. Can you please give me some insight. It is located in Toronto, close to subway
Fully Leased. Newer 3-Storey Building. Great Investment. Cape Rate 7.78% Great Location. Excellent Income. Retail 2760 Sqft. Leased 3+3 Yrs @ $2,600/Mo. + Heat/Hydro, Residential 4-2 Bdrm Deluxe Apt W/9Ft High Ceilings Each Apt. Approx 1060 Sqft Leased $1200+ Utilities. All Modern Kits, Ceramic & Wood Flrs, Security Elec Dr Entry, Separate Hydro & Gas Meter. Laundry Rm On Each Flr. B/I Garage Approx 640 Sqft Rented $325/Mo. Gross Income $93,300 Net $75,400.