68 - 70 Erie Ave, Brantford - Another SOLD!
Excellent Return on Investment for this Cash producing property. Main floor Commercial leased to successful restaurant, with 8 residential upper apartments. 10% Cap Rate. Don't miss this one - at this rate of return it won't be on the market for long. On site property management available - if interested.
Gross income $105,000. Expenses $26,410.
Asking Price $795,000.
Multi-Residential Duplex located in Brantford.
Well cared for property with many, many upgrades. Long term tenants who want to stay for many years to come. If you are looking for an investment property - this is the one. Or this would be an ideal property to live in one unit and have the tenant help you pay the mortgage and taxes. Currently rents for $1300 on the main floor and $1000 for the upper floor. Great upper and lower balconies to sit out in the summer.
Asking Price $399,900
Commercial Investment Property - Another SOLD!
6000 Square Feet Industrial Commercial property sitting on a 1 Acre lot in one of Brantfords most desirable areas. Fully leased property to a AAA tenant. Tenant has been on site for over 20 years and has a signed lease in place until 2021. $3500 monthly rent plus HST, $42,000 yearly rent plus HST. On a net/net/net basis. Tenant pays all expenses associated with the building. Solid return on Investment.
Asking Price $695,000