Opportunity to Earn Rental Income in Cottage Country
Located in the heart of Gravenhurst, this income-producing property boasts 7 rental apartments and 3 commercial units. With some further investment and modernization of the units, income upside potential is significant. Great price per suite with some flexibility by the Seller on price depending on terms. 6.7% CAP Rate at Asking Price! Treat financing as clear! Tenants pay their own hydro. There is an on-site superindent that helps to manage the property.
All information furnished regarding this property is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior sale, or withdrawl without notice. Prospective purchasers are advised to seek independent legal, accounting or any other consulting advice as may be deemed necessary to submit an offer to purchase. - Cooperating Brokers acting for buyers to be paid by buyers unless otherwise arranged. Not intended to solicit properties already for sale. Not intended to interfere with Purchaser-Agency Agreement.