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1260 KING Street

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For Sale - $799,900.00

ID#: 27586058

Great investment opportunity in the heart of Cambridge. COMM/RES ZONING (C2/RM3). 2 separate one-bedroom unit on the main floor, 1 two-bedroom unit on the second floor – completely refinished from top to bottom. Fully rented out with reliable, trustworthy tenants. The monthly rent for the whole property is $5,000. After deducting various expenses (water, electricity, gas, property insurance, internet fees), the monthly net income is $4,182.37, and the annual net income is $50,188.44. Park 4 cars via right of way off Montrose, 3 new hot water tanks, new forced air furnace, new siding on the upper rear fade, new washer/dryer installed in 2 units, new 200 AMP electrical services. (id:42870)

Property Details

Property Address: 1260 KING Street Cambridge, Ontario, N3H3P8

Property Type: Multi-family

Area Toal: 1550 sqft

Waterfront: No

Pool: No

Garage: No

Representative

Bess Assimacopoulos-Markou

Sales Representative

RE/MAX Twin City Realty Inc. Brokerage* - Waterloo

Cell: 519-588-1834

Tel: 519-885-0200

Schedule a Showing

Bess Assimacopoulos-Markou
Sales Representative Since 1985
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