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Daryl King
Daryl King
Sales Representative
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From:

Offered by:
Royal LePage Your Community Realty

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98 King Street East
Gananoque, ON K7G 1G1
MLS# X3790938 ID: 45466180
$998,000
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Property Description
Amazing Investment Opportunity In Prime Gananoque Area Sold Under The Power Of Sale As Is. This 12,536 Sq Ft Building Has An Estimated 7.5% Cap Rate. Currently A Bar & Grill On The Main Floor With 14 Rental Units On The Second Floor. Most Units Are Presently Rented Out. Estimated Gross Income $147,700 - Main $12,200 Insurance $4,000 - Utilities $9,900 - Taxes $11,200 - Management $7,415. Net Operating Income $103,000! **** EXTRAS **** Recently Renovated Through, New Gas Fired Hvac, Fully Sprinklered Main Floor And Bsmt,New Roof, New Windows, New Water Services, New Electrical 400 Amp 240 Volt, 3 Phase 4 Wire.
Property Features
Status
Last Updated August 18, 2017
Market Status Available
Description
Property Type Investment
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