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Fourteen unit income property. Two adjacent mixed-use retail/residential buildings are located in the heart of the main commercial district of Perth, Ontario. The municipal addresses include #6, #12, #14, & #16 Gore Street East. The property has 100% occupancy with 3 retail units plus 11 residential units. All of the leases are currently gross rent. The tenants do pay for their hydro separately. The commercial tenants also pay for their gas consumption. There are 12 parking spaces at the back of the building. Parking is included in the rent. All rents are under market value offering the next owner the opportunity to fully renovate the residential units & common areas over time which will increase the financial performance & valuation of the building by a substantial amount. No on-site laundry. The lower flat roof is at the end of its lifespan. Two tankless water boilers were installed less than 7 years ago. Two hot water tanks service the building & are less than five years old. (id:24093)
Listed by Mitch Gauzas of KELLER WILLIAMS INTEGRITY REALTY

Property Details of 16 Gore Street E

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"Based on information submitted to CREA as of October 17, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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