2808.44 sqft
Forced Air
$450,000
Are you looking for a way to beat the market? Interest rates are dropping everyday. Unlike the majority of other properties on the market, this one actually cash flows. This is a phenomenal opportunity to own a piece of commercial real estate with not 1, not 2, but 3 sources of income! This property features a large commercial space on the ground floor, a generously sized one bedroom apartment on the second floor and a commercial garage at the rear of the property. This property also owns the laneway at the rear of the lot, providing a second entrance, a very attractive feature when considering future development. Current Net Income is $2,527.31. Mortgage estimated at $1,950.26. That is $577.05 positive cash flow every month. These calculations are based on a 4.25% interest rate and a 20% down payment. As rates drop the cash flow will increase. Do not let this opportunity slip through your fingers. With rates dropping this property only becomes more and more attractive every day. (id:27910)
Property Details
MLS® Number
|
N9365986 |
Property Type
|
Retail |
Community Name
|
Thornton |
Features
|
Irregular Lot Size |
Building
HeatingFuel
|
Natural Gas |
HeatingType
|
Forced Air |
SizeInterior
|
2808.44 Sqft |
Type
|
Residential Commercial Mix |
Land
Acreage
|
No |
SizeDepth
|
202 Ft ,10 In |
SizeFrontage
|
30 Ft ,11 In |
SizeIrregular
|
30.99 X 202.9 Ft ; L Shaped Lot |
SizeTotalText
|
30.99 X 202.9 Ft ; L Shaped Lot |
ZoningDescription
|
Core Commercial (c2) With Special Prov. |