Investment Property Commercial and Residential Income Property
Description
This fantastic Rental Income property is up forsale!
161 and 163 Garafraxa St Durham ON
Comes with solid commerical lease for the pet store.
The house in the back has long term tenants that want to stay and are using it as a rooming house currently so it does not fall under LTB restrictions.
House could use some TLC and then would be able to get more rent or live in it yourself and get rental income from the pet store lease.
Guys in the house only pay cash so someone needs to physically collect every month. I don't have time for this as I have too many other irons in the fire.
Pet business is on etransfer payments $1100/mo plus utilities
House is cash $1350/mo all inclusive
Willing to leave 25-40k in as second mortgage @ 9% apr
Reach out to Richard Sharpe to arrange a tour.
519-321-1268
https://portal.onehome.com/en-CA/property/aotf~1022165099~ITSO?token=eyJPU04iOiJJVFNPIiwidHlwZSI6IjAiLCJjb250YWN0aWQiOjUyODc2MTAsInNldGlkIjoiODcxMzg5MzAiLCJzZXRrZXkiOiI2OTkiLCJlbWFpbCI6Im1hcmx1a2Zhcm1AZ21haWwuY29tIiwicmVzb3VyY2VpZCI6MCwiYWdlbnRpZCI6Mjk0OTAsImxpc3RpbmdpZCI6IjEzMzA2ODQ3NCIsIlZpZXdNb2RlIjoiMSJ9&searchId=796716e8-ef46-336f-a99f-3733510e24f2
- Ad Type: Offering
real estate | other
2023-01-23