660 E King Street E, Cambridge
- Bedrooms: 6
- Bathrooms: 7
- Living area: 7412 square feet
- Type: Commercial
- Added: 183 days ago
- Updated: 36 days ago
- Last Checked: 12 hours ago
Fantastic investment opportunity in the heart of Preston. A well-maintained mixed-use building with quality, long term residential and commercial tenants make this a true turn-key future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great upside potential. 2 - two bedroom units and 2 - one bedroom units on the upper levels. Main floor commercial with great street exposure and long-term leases. Potential for additional storage income. Parking for 3 vehicles out back. Schedule a viewing today! (id:1945)
Property Details
- Cooling: Central air conditioning, Wall unit
- Heating: Baseboard heaters, Forced air, Electric, Natural gas
- Stories: 2
- Year Built: 1931
- Exterior Features: Brick
- Foundation Details: Poured Concrete
Interior Features
- Basement: Unfinished, Full
- Living Area: 7412
- Bedrooms Total: 6
- Above Grade Finished Area: 7412
- Above Grade Finished Area Units: square feet
- Above Grade Finished Area Source: Other
Exterior & Lot Features
- Water Source: Municipal water
- Parking Total: 3
Location & Community
- Directions: Fountain to King Street E
- Common Interest: Freehold
- Street Dir Suffix: East
- Subdivision Name: 52 - Preston North
- Community Features: High Traffic Area, School Bus, Community Centre
Utilities & Systems
- Sewer: Municipal sewage system
Tax & Legal Information
- Tax Annual Amount: 11321.24
- Zoning Description: C1RM2
Additional Features
- Number Of Units Total: 6
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