19 Cayuga St N
Haldimand, N0A1E0
UNAVAILABLE
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Apartment
CATEGORY3,936 Sq Ft
TOTAL AREAX5756461
MLSIDContact Us
Property Description
Rarely Offered 6 Unit - High Cash Flowing Investment Opportunity In Cayuga's Thriving Downtown Core With Sought After Corner Location And Great Street Exposure. This Extremely Well-Maintained Building Offers 5 Residential Apartments Which Are All Fully Tenanted And Have Had Numerous Updates / Upgrades Throughout And A Commercial Storefront With High Ceilings, Large Windows, Hardwood Floors, & 2 Pc Bathroom Which Is Currently Vacant & Ideal For Business Owner To Move Into Or Lease It Out And Add To Overall Income (Approx. $1,800 Per Month). The Residential Units Are Comprised Of 3 - 2 Bedroom Units & 2 - 1 Bedroom Units. Upgrades Include Upgraded Roof - 2010, Mechanicals, Electrical, Some Windows, & More! Current Gross Income Of $76,260 Per Year. Current Net Operating Income Of $63,530 Offering A Current 6% Cap Rate With A Projected Cap Rate Of 8% ($85,130 Noi) Once You Lease The Commercial Storefront. Great Investment & Overall Cayuga Package!
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Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
Cd
Total Area
3,936 Sq Ft
Lot Size
26' x 132'
Taxes
$4,796 (2021)
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Listing contracted with Re/Max Escarpment Realty Inc., Brokerage
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