660 E KING Street E, Cambridge, Ontario
$1,575,000
- 6 Beds
- 7 Baths
- 7,412 Square Feet
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! (id:23309)
- Listing ID: 40556617
- Property Type: Multi-family
- Year Built: 1931
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 660 E KING Street E in Cambridge Ontario. It was last modified on April 4th, 2024. Contact Sabrina Essery to schedule a viewing or to discover other Cambridge real estate for sale.