$1,595,000 Sale

Listed 24 days ago

141 HOTCHKISS STREET

MLS® x13805410 Multi Family

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 5600

Est. mortgage

$6,051/mo

Key Facts

Key facts for 141 HOTCHKISS STREET

Property Type

Apartment

Parking

Garage: No, 0 parking

MLS #

X13805410

Size

5600 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Prime Investment Opportunity in the Heart of Gravenhurst! Exceptional mixed-use income property ideally located in Downtown Gravenhurst, offering a are combination of stable cash flow, strong upside potential, and long-term value. This well-maintained mixed use building is an attractive addition to ...any investment portfolio. One commercial unit with approximately 2,500 square feet of versatile frontage space, currently tenanted, C1-A zoning ideal for a variety of business uses in a high visibility Downton location. Above and alongside, the resident component totals approximately 2,600 square feet, comprised of five desirable two-bedroom units that continue to generate reliable rental income. Recent improvements demonstrate pride of ownership and reduce future capital concerns, including four year old roof, new staircases, a newer furnace and the recent addition of a new 5th two bedroom apartment that is ready for occupancy and presents immediate income growth. Tenants benefit from convenient on-site coin laundry, while investors will appreciate the strong proforma cap rate of 6.2% and consistent revenue stream from this proven asset. This property is a turkey opportunity in majestic Muskoka's most vibrant and growing communities. Whether you are expanding your portfolio or seeking solid first investment, this Downtown Gravenhurst mixed-use property is a smart acquisition with strong income today and upside for tomorrow. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

5600 sqft

Heating Source

Natural gas

Heating Type

Baseboard heaters, Forced air

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

5600 sqft

Heating Source

Natural gas

Heating Type

Baseboard heaters, Forced air

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Exterior

Acreage

0.13 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

C-1A

Acreage

0.13 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

C-1A

Building Description

Home Type

Apartment

Subtype

Multi Family

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Water Supply

Municipal water

Community

Muskoka (S)

Area Code

Gravenhurst (Muskoka (S))

Community

Muskoka (S)

Area Code

Gravenhurst (Muskoka (S))

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Moe Youssefian

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