9.5% CAP RATE | 5 INCOME STREAMS | FULLY TENANTEDInvestors, take note! A strong 9.5% cap rate and immediate cash flow make this turnkey mixed use property a standout investment opportunity in the heart of downtown Ripley. Featuring four residential apartments plus one ground level commercial retail space, this property delivers five established income streams under one roof.Fully occupied and income producing from day one, the property offers diversified residential and commercial revenue with no vacancy to fill. Well maintained, centrally located and positioned for minimal management, this is the kind of straightforward income property investors look for.Five units. Full occupancy. 9.5% cap rate. Immediate income. Add this proven income producer to your portfolio and put your investment dollars to work from day one. (id:13843)
| MLS # | X13746732 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 54 |
| Listing Provided By | Royal LePage Exchange Realty Co. | KEITH BATTLER |
| SQ Feet | 3,128 |
|---|---|
| Zoning | commercial |
| Cooling | None |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 2276 |
|---|---|
| Tax Year | 2025 |
| Province | ON |
|---|---|
| City | Huron-Kinloss |
| Postal Code | N0G2R0 |
| Listing VS Median (in N0G2R0) | |
Price: $399,000 low | high Med: $595,700 sqft: 3,128 low | high Med: 1,200 $ / sqft: $128 low | high Med: $496 On site: 54 low | high Med: 1 | |
| Province | ON |
|---|---|
| City | Huron-Kinloss |
| Postal Code | N0G2R0 |
| Listing VS Median (in N0G2R0) | |
Price: $399,000 low | high Med: $595,700 sqft: 3,128 low | high Med: 1,200 $ / sqft: $128 low | high Med: $496 On site: 54 low | high Med: 1 | |