Size
-
Lot size
-
Street frontage
-
Possession
-
Price per sqm
$2,286
Taxes
$11,321.24 (2023)
Parking Type
-
Style
-
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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 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!
Broker: RE/MAX SOLID GOLD REALTY (II) LTD.
MLS®#: 40556617
Property details
Parking:
3
Parking type:
-
Property type:
Multiplex
Heating type:
Baseboard,
Style:
-
MLS Size:
689 sqm
Lot front:
13.11 M
Listed on:
Apr 3, 2024
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Instant estimate:
Not Available
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