660 King Street E in Cambridge: 52 - Preston North Multi-6-9 Unit for sale (15

Rates are coming down and this cap-rate is going up! Currently operating at a 6.88% cap-rate with market potential closer to 8.73% - it's hard to find buildings cash flowing like this one! This fantastic investment opportunity is in the heart of Preston with new investment happening all around and a plan for future LRT nearby. This well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is a true turn-key opportunity. With 4 residential units and 2 commercial, this building offers a good mix of income streams with fantastic upside potential. 2- two bedroom units and 2 - one bedroom units on the upper levels. The Main floor commercial offers great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today

General Info:

Property Type:: Residential Income

Property SubType:: Multi-6-9 Unit

Year built:: 1931 (Age: 95)

Listing General Location:: 52 - Preston North, 15 - Preston

Bedrooms:: 6

Bathrooms:: 4.0 (Full:-/Half:-)

Lot Details:: 43.67 x

Lot Frontage:: 43'8"13.3 m

Frontage Type:: South

Lot Shape:: 47.82 ft x 1.25 ft x 47.38 ft x 43.67 ft x 145.29

Kitchens:: 0

County Or Parish:: Waterloo

Additional Info:

Features:: Crops Included: No, Garage: No, New Construction: No

Construction:: Brick Veneer

Basement:: Full, Unfinished

Foundation:: Poured Concrete

UFFI:: No

Roof:: Flat

Number of Storeys:: 2

Number of Buildings:: 0

Total Floor Area:: 7,412 sq. ft.689 m2

Finished Area Above Grade:: 7,412 sq. ft.689 m2

Fireplace:: false

Laundry Features:: None, In-Suite

Water Supply:: Municipal

Sewer:: Sewer (Municipal)

Cooling:: Central Air, Wall Unit(s)

Heating:: Baseboard, Electric, Forced Air, Natural Gas

Land Info:

Lot Site Features:: Irregular Lot, Airport, Ample Parking, City Lot, Near Golf Course, High Traffic Area, Highway Access, Hospital, Park, Place of Worship, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools