| description: | Invest Here! Current tenants are willing to stay & each pays $1000.00 per month. Upgraded Furnace, Hot water Tank, Electrical to 100 amp service, Shingles in 2004, and recent vinyl flooring on main & basement floors! Gross yearly rents $24,000, Yearly Expenses $7102.45, N.O.I. $16,837.55 showing a 6.8% cap rate at list price of $245,900. Taxes $2220.86, Utilities $1000.00, Hydro $660.00, Fortis Gas $1421.59, Insurance $1080.00, Maintenance $720.00 (all yearly figures supplied from Seller). This Property is currently operated as a non-conforming use for the C-2 zoning (Highway Commercial). Operate as is or convert to a Barbershop, Beauty Salon, small business or a tea house as it's located adjacent to two hotels & a couple of restaurants. Call your Agent today! |