Office Listing

Zongwen (John) Ma


Remarks

Attention investors! 3,104 sq. ft. solid all brick commercial/residential duplex located on the Brantford business artery. Main floor convenience store (2,170 sq. ft.) and upstairs apartment (934 sq. ft.): 2 bedroom, 1 bathroom with separate entrance with newer laminate floor (2012), no carpet. Unfinished high ceiling basement with separate entrance for potential extra income. Total rents: $34,326.48/year, costs: $6,557.68/year, net income: $27,768.8/year, cap: 5.24%. Convenience store is leased at $1,760.54/month (5+5 year lease on the 4th year) + pay all utilities of the building; upper apartment is rented at $1,100/month (month to month). Landlord pays property tax ($5,318.92/year) and building insurance ($1,238.76/year). Only the property is for sale, convenience store business is not included but can be purchased separately. (id:27)


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