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100-110-120 King Street East, Prescott, K0E 1T0 in Prescott, Ontario

Financials appear below:

2 commercial units

Restaurant
$1,200/month triple net
Currently vacant
Good condition
Restaurant equipment negotiable
Office Unit
$700/month triple net

6 Residential Units
Apartment #1 - 2 Bedroom - $480 - Occupied-unseen, reportedly in good condition
Apartment #2 - 2 Bedroom - $640 - Occupied -freshly painted, new tub-surround and kitchen counters-in very good condition
Apartment #3 - 1 Bedroom - $650 - the only apartment that is all inclusive - Occupied-unseen, reportedly in average condition-
Apartment #4 - 2 Bedroom -$600 - Occupied-freshly painted-new tub-surround and kitchen counters
Apartment #5 - 2 Bedroom - $300 - Occupied-same tenant for many years unseen, reportedly in very average condition
Apartment #6 - 2 Bedroom - $645 - Occupied-in VERY good condition, with updated countertops, modern kitchen cabinets, depending on your definition of modern

All apartments are two bedrooms except Apartment #3 which is a one bedroom unit.

Tenants pay heat, hydro, water ($68.75 per month + usage) except for appartment #3

Gas wall heaters all owned, 3 of 6 water tanks owned.

100 King Street East

Apartment #6- $645/month + gas heat + electricity
- Kitchen 14' 9" x 8'
- Living room 14' 9" x 9' 2"
- Bath 5' x 6'10"
- Bedroom 1 10'11" x 11' 2"
- Bedroom 2 8' 8" x 10' 8"

110 King Street East

Apartment #2-$645/month + gas heat + electricity
- Kitchen 7' 5" x 13'11"
- Dining room 13' 2" x 7' 8"
- Living room 13' 6" x 14'
- Bath 7' 5" x 5' 2"
- Bedroom 1 13' 2" x 7' 9"
- Bedroom 2 9' 8" x 7' 5"

120 King Street East

Commercial Office
- Foyer 7' 1" x 6' 4"
- Front office 14' x 14'
- 2nd office 18' x 10' 2"
- Kitchen 10'11" x 9' 2"
- Bath 5'10" x 8' 3"
- Office/Bedroom 1 13'10" x 8' 5"
- Office/Bedroom 2 10' 9" x 7' 6"
- Office/Bedroom 3 8' 4" x 15' 2"

Rental Income:
$ 34,800 6 units res
$14,400 Lower level unit 1200 sq ft
$8,400 Restaurant*
$57,600 Total annual rental income

Net Sheet:
$7,807 -Property taxes
$500-Snow removal
$0-Lawn care-there are no lawns
$900-Cleaning-common areas-staircases etc.
$900-Lighting i.e. electricity-common areas-staircases etc.
$1,500-Maintenance
$22,800- Vacancy Losses-all units can be rented by June 1st*
$10,257 Total annual expenses
$34,800Total annual rental income
$10,257-Less total annual expenses
$24,543-Net

Rideau-St. Lawrence Real Estate Board MLS# 1000800
Ottawa Real Estate Board MLS# 818599

$1
Type: Commercial buildings
Province: Ontario 
City: Prescott 
Category: Commercial buildings
Commercial buildings in Ontario
This ad is older than 2 months.
View similar ads: Commercial buildings, Commercial buildings in Ontario