Introducing a fully leased and well-maintained investment property in the high-density area of Downtown Timmins. This property is occupied by AAA tenants, each with long-term leases and options to extend. The units include an accounting firm, a tattoo shop, and a basement rented to a packaging/stocking business for storage, all with separate entrances and separate hydro meters. With an impressive cap rate of over7% and an annual rent of $48,000, this property offers a solid return on investment. The cooperative tenants make management easy, even from a distance, ensuring a hassle-free ownership experience. Financials are available upon request. **** EXTRAS **** Incredible return on investment! Motivated sellers are offering this outstanding opportunity, so don't miss out. Please be discreet-do not visit directly or speak to the employees. A virtual tour is available for your convenience. (id:58043)
MLS® Number | X8445192 |
Property Type | Business |
CoolingType | Partially Air Conditioned |
HeatingFuel | Natural Gas |
HeatingType | Hot Water Radiator Heat |
SizeExterior | 3120 Sqft |
SizeInterior | 3120 Sqft |
UtilityWater | Municipal Water |
Acreage | No |
SizeDepth | 108 Ft |
SizeFrontage | 30 Ft |
SizeIrregular | Bldg=30 X 108 Ft |
SizeTotalText | Bldg=30 X 108 Ft |
ZoningDescription | General Commercial (ea-cg) |
https://www.realtor.ca/real-estate/27047845/184-third-avenue-timmins
Contact us for more information
Gary Arora
Broker