LOADING

19 Cayuga Street N Cayuga, Ontario N0A 1E0

3936 sqft sq feet
2 Level, Multi-Unit Radiant Heat, Boiler

$1,090,000

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:8119)

Business

Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number H4145458
Property Type Multi-family
Amenities Near By Golf Course, Schools
Community Features Quiet Area
Equipment Type Furnace, Water Heater
Features Park Setting, Park/reserve, Golf Course/parkland, Crushed Stone Driveway, Level
Parking Space Total 3
Rental Equipment Type Furnace, Water Heater
View Type View

Building

Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings, Fan
Architectural Style 2 Level, Multi-unit
Basement Development Unfinished
Basement Type Full (unfinished)
Exterior Finish Brick, Vinyl Siding
Fire Protection Fire Alarm System
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Radiant Heat, Boiler
Stories Total 2
Size Exterior 3936 Sqft
Size Interior 3936 Sqft
Type Multi-family
Utility Water Municipal Water

Parking

Gravel
No Garage

Land

Acreage No
Land Amenities Golf Course, Schools
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 26 Ft
Size Irregular 26 X 132
Size Total Text 26 X 132|under 1/2 Acre
Soil Type Clay

https://www.realtor.ca/real-estate/24845296/19-cayuga-street-n-cayuga

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