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:38551)
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Green Hedge Realty Inc., Brokerage
Green Hedge Realty Inc., Brokerage is a Full Service Real Estate Brokerage Offering Traditional MLS REALTOR Representation Services At Reduced Commission Rates.
Buyers receive approximately 1.5% cash back after closing, depending on what REALTOR cooperating commission is offered by the Seller. Sellers pay 1% plus the commission they choose to offer to the cooperating REALTOR representing the Buyer.
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