Description
An Excellent Investment Opportunity In Dufferin Grove. Retail Unit Was Recently Renovated And Offers Excellent Income. Second Floor Apartment Is Currently Undergoing Top-Of-The-Line Renovations. Net Income Is Over $117,000 With The Upside On Turnover Of The Second Floor Tenant, Who Is Currently Paying Below Market Rent. Before The Closing The Landlord Will Finish Renovations To The Second Floor Apartment, Update The Hallways, Facade And Replace The Third Floor Windows. The Owner Has Invested Around $100,000 In Renovations So Far. 5% Going-In Cap Rate.
Extras: Vendor Financing And Vacant Possession Possible
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
Description
An Excellent Investment Opportunity In Dufferin Grove. Retail Unit Was Recently Renovated And Offers Excellent Income. Second Floor Apartment Is Currently Undergoing Top-Of-The-Line Renovations. Net Income Is Over $117,000 With The Upside On Turnover Of The Second Floor Tenant, Who Is Currently Paying Below Market Rent. Before The Closing The Landlord Will Finish Renovations To The Second Floor Apartment, Update The Hallways, Facade And Replace The Third Floor Windows. The Owner Has Invested Around $100,000 In Renovations So Far. 5% Going-In Cap Rate.
Extras: Vendor Financing And Vacant Possession Possible