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660 E KING STREET EAST Street E
Cambridge Ontario N3H3N6 Canada

$1,600,000

Active Listing ID 40556617
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6 bed
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7,412
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7.00 Bath
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Multi-family

$1,600,000

Active Listing ID 40556617
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660 E KING STREET EAST Street E 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: Central air conditioning, Wall unit
  • Exterior Finish: Brick
  • Heating Systems: Baseboard heaters, Forced air, Electric, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 4/4/2024 9:35:57 PM GMT
Source Updated Date: 4/24/2024 5:30:12 AM GMT

Courtesy of: LUKESHANTZ, Salesperson, RE/MAX SOLID GOLD REALTY (II) LTD.

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