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Rarely Offered, Ideally situated 6 unit – High Cash Flowing Investment Opportunity in Cayuga’s 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:24093)
Listed by Chuck Hogeterp of RE/MAX Escarpment Realty Inc.

Property Details of 19 CAYUGA Street N

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"Based on information submitted to CREA as of October 5, 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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