retail residential mix Port Hope Ontario; 369K; 9.7 cap rate

Multifamily Property For Sale

Retail & residential Mix

12-18 Ontario St, Port Hope, ON L1A2K9

• Price:
  $369,000 CAD
• No. Units:
  4
• Building Size:
  4,000 SF
• Price/Unit:
  $92,250 CAD
• Property Type:
  Multifamily
• Property Sub-type:
  Duplex/ Triplex/ Fourplex
• Property Use Type:
  Investment
• Commission Split:
  2%
• Cap Rate:
  9.70%
• Occupancy:
  100%
• No. Stories:
  2
• Find Out More...

Last Verified 1/11/2011 Listing ID 16751517

Description

Located in vibrant and trendy downtown Port Hope, one hour from the GTA, this well maintained building offers an excellent investment opportunity. Featuring two upstairs apartments (fully leased) and two successful street level retail units (fully leased). Current owner has replaced roof, upgraded the electrical and heating and installed new walkways/stairs in the back. Shows a solid income/CAP rate.

Downtown Port Hope, 5 minutes south of the 401, one hour from the GTA, 90 minutes from Kingston

Financial Summary

• Actual
• Net Operating Income
  $3,579 CAD