289 KENILWORTH

Home Details

Description

Prime investment opportunity located at one of the highest-traffic corners in the city! This fully-renovated, fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments, a strong anchor commercial tenant on the ground floor, and a brand new tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. Currently priced based on a 6.3% cap rate, this property is capable of achieving a stronger cap rate with minimal effort in the short-term. In exceptional condition, this property comes with a recent, clean Phase II Environmental. Plus, there are no parking spots, balconies, or elevators to maintain or cause issues! With significant opportunity for upside as well, this is an excellent, low-maintenance investment with a strong returns and more upside to be realized! (id:39198)

See more

Additional media

-

Property taxes

$10,180.79 per year / $848.40 per month

Basement

Full

Year build

-

Type

Office

Bedrooms

null

Bathrooms

null

Parking spots

Total

Floor

-

Balcony

-

Pool

-

External material

-

Roof type

-

Lot frontage

-

Lot depth

-

Heating

-

Fire place(s)

-