Loading...
Share
’
$389,900

178 King Street E

MLS® Number: 1192385

Beds: 0

Baths: 0

Loading...

Summary

  • Baths0
  • Beds0
  • Year Built1940
  • Storeys2
  • Listing TypeMulti-family
  • Property Style
  • Lot Size{lotsizearea}/
  • Water FrontNo

Location

  • Address178 King Street E
  • CityPrescott
  • Postal CodeK0E1T0

Heating & Cooling

  • Heating ()
  • Fireplace/

Listing courtesy of  RE/MAX HALLMARK REALTY GROUP

Description

Investment property with resturant at the bottom, can be available for the new owner. Downtown Prescott Ontario, with the St Lawrence River across the road... this is a TURNKEY property. There are three apartments (two-1bedrms, one-2bedrm) and a Commercial space with a ESTABLISHED restaurant in business for 40yrs who was VOTED the BEST PIZZA in the township. The owner is ready to retire and may be available to assist in the transition. UPSIDE TO MORE INCOME: Business may be increased by opening in more hours and more options on the menu, Residential apartments are $300-500 market value per unit. Gross income for the apartments is potentially $21600/yr with lots of upside - tenants pay heat and hydro. Commercial space can rent for $1500 + utilities. Prop tax is $3442/2019. Insurance and water is approx $2500 each ($5000 total). Don't wait, as this is TURN-KEY and profitable even in COVID Season. Great value! (id:30499)


Complete the form below:
Schedule a showing (optional):
’

Moe McIlwain

RE/MAX Hallmark Realty Group

RE/MAX Hallmark Realty Group Brokerage, Independently Owned & Operated
phone email