Price: $2,580,000
Status: For Sale
MLS®#: X7220820
Listing Contracted With: SUTTON GROUP-ADMIRAL REALTY INC.
Downtown Cobourg mixed-use plaza! This corner property features 4 commercial units and 6 residential units (3 x 2 bdrm 3 x 1 bdrm). Long term stable commercial anchor tenants. Excellent curb appeal with over 100 ft of frontage on Division St , Easy management either continue with current management company or manage it yourself. Total of 21 parking spaces (17 owned and 4 leased from the Town) and backs onto Cobourg downtown free municipal parking lot. Solid brick constructions with basements for potential income opportunity. Stabilized net income over $12K a month. Seller would consider financing to qualified buyer with a sufficient downpayment. The Listing Agent will be doing collective showings.
2 of the 6 residential units recently updated collecting higher rents. Potential to continue to improve income on the remaining 4 residential units
Sales Representative
Sutton Group-Admiral Realty Inc., Brokerage
The Real Estate Advantage
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