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INVESTMENT AND/OR OWNER OCCUPY OPPORTUNITY. This desirable 3800 square foot building on good lot with rear parking, 6 vehicle mutual drive, located on busy, high visibility Adelaide Street N. The building is in great shape, well-maintained, freshly painted, and is presently fully occupied by four residential Tenants and one retail Tenant, and achieves a gross operating income of $67,860 per year. Apt 1 is month-to-month. Apt 2 & Apt 3 have received notice of rent increase beginning Sept 1st. Attractive main floor 600' sq ft retail space with street frontage leased $1500 per month. Retail includes storage space in basement. Coin laundry from residential tenants produces $1,500 yearly. Current Rental license 2022. Present rent: Apt 2 $1030 Apt 3 $684 Apt 4 $1150 Sep. 1st: Apt 1 $1305 24+ HOUR NOTICE MUST BE GIVEN FOR SHOWINGS. GREAT OPPORTUNITY FOR OWNER OCCUPIED WITH INCOME. (id:24093)
Listed by CHRISTINA SANCHEZ-JONES and DAN GRANTHAM of SUTTON GROUP PREFERRED REALTY INC.,BROKERAGE

Property Details of 592 Adelaide Street North

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"Based on information submitted to CREA as of September 25, 2022 . 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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