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5301 Nauvoo Rd, Warwick, ON
Real Estate
For Sale
$--,---,---
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003
MLS® X11912047
Key Facts
Description
Map
Key Facts
TypeMixed Use
LevelsCommercial Sale
Size-
GarageNo
Maintenance Fees
Taxes$928
Days Active300
Approx. Age
MLS® NumberX11912047
Property Address: 5301 Nauvoo Rd, Warwick, ON, N0M2S0
Average square foot calculated using Size range provided by listing agent.
Description
New low asking price of $499, 00.00 for a quick sale by a motivated seller. A commercial/residential investment opportunity awaits you in downtown Watford. This building has double access from Nauvoo Road (Main Street) or at the rear of the building. The main floor has a commercial take-out restaurant up front, with a spacious one-bedroom apartment at the rear. The second floor consists of two, one-bedroom apartments. All units have had extensive interior renovations recently. These four units are all rented with high-value rent, showing an impressive Cap Rate of 8%. The tenants pay the hydro, heat, water, and tenant liability insurance. High-speed unlimited fibre optic internet is available at the tenants cost. Note: the low property taxes of $928.00. This building is a turnkey operation and is a perfect investment opportunity for you. Just take over as an investment or live in one unit yourself and let the tenants pay the mortgage. Professional property management for this building can be arranged. **EXTRAS** Plenty of parking at the rear or on the street and across the street in the public lot. In an effort not to disturb the tenants, please view the interior pictures provided, taken after renovations , with this listing.Show Description