188-192 RAGLAN STREET S, Renfrew, Ontario

ID#512552 | MLS# 1325488 | Listed at $539,900.00
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Potential for $78,000 gross income! Two retail storefronts (fully leased) and a HUGE office space of 2500+sq ft upstairs (VACANT). DIAMOND in the rough... Flip property- CASH FLOW WHILE ... READ MORE
Real Estate - Renfrew -
Lillian Legault
613-596-5353
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Description
Potential for $78,000 gross income! Two retail storefronts (fully leased) and a HUGE office space of 2500+sq ft upstairs (VACANT). DIAMOND in the rough... Flip property- CASH FLOW WHILE YOU RENOVATE! ADD VALUE or refinance or sell for a profit! Selling for just over $100 a sq ft. Current gross income : $48,000/yr ($2000 x 2 for retail spaces) - Expenses- approx;$17,804/yr (should be less). TOTAL CURRENT NOI: $30,196/yr. BUT... 2500 sq ft of office is vacant. Potential after $80-100k renovation is at least $12/sqft which equals $30,000 a year. $78,000 projected Gross Income. Do you want to use it for an OFFICE? If you keep as office upstairs and rent it at that rate the Projected NOI is $60,196/yr. EITHER WAY... This is can be your cash cow! Currently cash flowing without upstairs rented... RENOVATE while you GENERATE! 48hrs notice for showings - book now. (id:17126)
Special Features
  • Constructed Date: 1900
  • Fireplace Present: False
  • Has Acreage: false
  • Ownership Type: Freehold
  • Parking Space Total: 4
  • Zoning: Commercial
Property Features (Convert Measurements to Imperial)
Property Type Commercial
Building Style Semi Detached
Listing Type For Sale
Property Information (Convert Measurements to Imperial)
Number of Bedrooms 0.0
Number of Bathrooms 0.0
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