660 KING

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Description

Fantastic investment opportunity in the heart of Preston. A well-maintained mixed-use building with quality, long term residential and commercial tenants make this a true turn-key future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great upside potential. 2 - two bedroom units and 2 - one bedroom units on the upper levels. Main floor commercial with great street exposure and long-term leases. Potential for additional storage income. Parking for 3 vehicles out back. Schedule a viewing today! (id:39198)

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Additional media

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Property taxes

$11,321.24 per year / $943.44 per month

Basement

Unfinished, Full

Year build

1931

Type

Multi-family

Bedrooms

6

Bathrooms

7

Parking spots

3 Total

Floor

-

Balcony

-

Pool

-

External material

Brick

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Baseboard heaters, Forced air, Electric, Natural gas

Fire place(s)

-