Description
Cash-flowing mixed-use investment in the heart of Ridgeway. This fully leased 8-unit building features 5 residential units and 3 commercial spaces, offering almost a 7% cap rate. Tenants are on separate hydro meters, with the option to convert to separate gas meters for added efficiency. The roof was replaced in 2020. Located in a growing community, this turnkey property is an excellent buy-and-hold opportunity for investors seeking stable cash flow and long-term appreciation.
Overview
Property ID:
X12231362
Type:
Investment
Square:
6,092 m²
Price:
$1,599,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Yes
Heating:
Gas Forced Air Closed
ParkingFeatures:
Reserved/Assignd
YearBuilt:
Unknown
TaxAnnualAmount:
7967.83
PossessionDetails:
Closing after severance is complete
Map
-
AddressFort Erie
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