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19 Cayuga Street N Cayuga, Ontario N0A 1E0

3936 sqft sq feet
None Hot Water Radiator Heat

$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)

Property Details

MLS® Number H4145457
Property Type Other
Parking Space Total 3

Building

Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings, Fan
Cooling Type None
Fire Protection Smoke Detectors
Heating Type Hot Water Radiator Heat
Size Exterior 3936 Sqft
Size Interior 3936 Sqft
Utility Water Municipal Water

Parking

Other
Street

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 132 Ft
Size Frontage 26 Ft
Size Irregular 26 X 132
Size Total Text 26 X 132|under 1/2 Acre

https://www.realtor.ca/real-estate/24845297/19-cayuga-street-n-cayuga

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