$1,200,000
Available - For Sale
Listing ID: X11946453
4-6 Russell Street East , Smiths Falls, K7A 1E8, Lanark
| Prime Investment Opportunity in the Heart of growing Smiths Falls! Seize this rare chance to own an almost, fully tenanted mixed-use building on a bustling street in Smiths Falls! This well-maintained property offers two commercial units, both occupied by fantastic long-term tenants, providing stable income for the landlord. Above, you'll find four updated and modern 2 bedroom apartments, 3 of which are currently tenanted at market rent, ensuring consistent cash flow. The fourth unit is vacant, offering the perfect opportunity for an investor to move in while benefiting from the income of the remaining units. Each apartment has been renovated, bright, and well-maintained, offering a clean and safe living space. With a strong rental history and prime location on a high-traffic street, this property is a turnkey investment ideal for seasoned investors or owner-occupiers looking to offset their mortgage with steady rental income. Don't miss out on this income-generating gem! |
| Price | $1,200,000 |
| Taxes: | $10021.88 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 4-6 Russell Street East , Smiths Falls, K7A 1E8, Lanark |
| Postal Code: | K7A 1E8 |
| Province/State: | Lanark |
| Lot Size: | 50.00 x 105.00 (Feet) |
| Directions/Cross Streets: | Russell St & Brockville St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Apartment |
| Building Percentage: | F |
| Total Area: | 5000.00 |
| Total Area Code: | Square Feet |
| Taxes Expense: | $10921 |
| Insurance Expense: | $5420 |
| Net Income Before Debt: | $93052 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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At a Glance:
| Type: | Com - Investment |
| Area: | Lanark |
| Municipality: | Smiths Falls |
| Neighbourhood: | 901 - Smiths Falls |
| Lot Size: | 50.00 x 105.00(Feet) |
| Tax: | $10,021.88 |
| Fireplace: | N |
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