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Office Listing

Bill Austin, Sales Representative


Remarks

GREAT COMMERCIAL RESIDENTIAL PROPERTY ON THE CORNER OF GREY AND MARKET. MAIN LEVEL IS COMMERCIAL AND 1 RESIDENTIAL STUDIO. 2ND FLOOR IS RESIDENTIAL. PASSIVE INCOME FROM LEGAL BILLBOARD IS $500 PER MONTH. LONG TIME ADVERTISOR. COMMERCIAL RENTS ARE $1750, AND BILLBOARD SIGN RENTAL $500. RESIDENTIAL RENTS $650 STUDIO AND 2 PC. (SHARED KITCH AND SHOWER). ROOMS $700 AND $680 (SHARED BATHROOOM AND KITCHEN AND ONE BEDROOM $800( BATHROOM AND KITCHEN SHARED OVEN) FOR A TOTAL OF $60960. EXPENSES ARE DETAILED BELOW. TAXES $6606, HEAT $1605, INSURANCE $1753, HYDRO $2225, WATER $916. TOTAL EXPENSES $13105. NET INCOME $47855. CAP RATE 7.4% (id:27)


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