631 Front St, Hearst
631 Front St, Hearst
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19 Photos
- Living area: 11500 sqft
- MLS®: tm232049
- Type: Commercial
- Added: 215 days ago
Property Details
An incredible commercial investment opportunity to say the least. This 10-unit commercial investment property features 9 commercial rental units and 1 residential unit and generates a gross income of just over $115,000 a year. The property is currently fully tenanted by long-term tenants. The residential unit is a 1,500 sqft 3 bedroom 1 bath apartment that was recently renovated, the tenant pays for their hydro costs. The 9 commercial units all feature a bathroom, air conditioning, and separate entrances. The commercial units have all seen renovations in the past year, the most recent being in 2022 (3/9 units). Most tenants pay for their respective utilities except for 4 tenants. Major renovations include updating the electrical and plumbing systems from 2004 to 2006 and roof renovations, part of the roof was updated in 2004 (front half), and the remainder was updated in 2021 (2nd level and back half. The entire property offers 11,500 sqft of well-located commercial space. You don't want to miss your chance on this one! (id:1945)
Property Information
- Sewer: Municipal sewage system
- Heating: Baseboard heaters, Forced air, Space Heater, Electric, Natural gas
- List AOR: Timmins
- Basement: Partial
- Utilities: Natural Gas, Electricity, Cable, Telephone
- Year Built: 1948
- Directions: The property is situated on the corner of Front St and Sixth St
- Living Area: 11500
- Lot Features: Wheelchair access
- Photos Count: 19
- Water Source: Municipal water
- Business Type: Other, Retail and Wholesale
- Lot Size Units: acres
- Parcel Number: 650400904
- Parking Features: Other, Parking Space(s), Surfaced
- Tax Annual Amount: 22654.26
- Building Features: Storefront, Street Lighting
- Lot Size Dimensions: 0.7
- Construction Materials: Poured concrete
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