Size
-
Lot size
589.47 sqm
Street frontage
S
Possession
FLEXIBLE
Price per sqm
-
Taxes
$11,618.2 (2024)
Parking Type
-
Style
2-Storey
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Description
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 opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 5.86% Cap Rate with a market-rate potential closer to 8%. With 4 residential units and 2 commercial, this building offers a good mix of income streams with fantastic 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
EXTRAS:
EXTRAS:
Broker: RE/MAX Solid Gold Realty (II) Ltd
MLS®#: X11948596
Property details
Parking:
3
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
+465 sqm
Lot front:
13.41 M
Lot depth:
44.2 M
Listed on:
Jan 31, 2025
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Instant estimate:
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$482
higher than listed pricei
High
$1,606,992
Mid
$1,575,482
Low
$1,471,989
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