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MLS® ID: 185984

151 GARAFRAXA STREET S

Durham, Ontario, N0G1R0

$189,900 Active
  • - SQFT
This Commercial Building offers a 1,150 sq ft, 3 bedroom residential unit rented at $1,200 a month plus heat and hydro. It features hardwood floors and open concept layout. Due to the fact the building is built into a hill, the 2nd floor residential unit can be accessed from main street (up the stairs) or from the east side without any stairs. It has it's own private parking & lawn. The other 2 units are located off of main street in a high traffic location. Both commercial units are occupied by same tenant which is month to month for $500 plus utilities. Giving the building a gross income of $20,400. The yearly expenses are approximately $5,778. Giving the building a net income of $14,622 a year and a cap rate of 7.69% All units have separate hydro meters and all units pay for own snow removal, heat & hydro. Owner pays for Water & Sewer, Property Taxes and Insurance. The building is in decent shape but could use some upgrades such as the roof. (id:18098)
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Listing courtesy of PEAK EDGE REALTY LTD., Brokerage

Amenities

  • Postal
    N0G1R0
  • Property type
    Retail
  • Sewer
    Municipal sewage system
  • Heating
    Baseboard heaters, Forced air
  • Agent name
    AMBROSE GARVEY
  • Price Range
    $100k-$200k
  • Brokerage
    PEAK EDGE REALTY LTD., Brokerage
  • Office ID
    279383
  • Agent ID
    1535272

Location

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