Cayuga, Ontario
Sold — $1,090,000 (Asking price)
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!
Details

Property

Cayuga Street N
Cayuga, Ontario, Canada
26.00 X 132.00
H4145457

Listing provided by

Chuck Hogeterp
RE/MAX Escarpment Realty Inc., Brokerage
September 7, 2022
January 5, 2023

Financial

Sold
$1,090,000
$4,796 (2021)

Location

N/A
Investment
Apts-6 To 12 Units
N/A

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