321 16 Highway, Burns Lake
321 16 Highway, Burns Lake
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35 Photos
- MLS®: c8057862
- Type: Commercial
- Added: 65 days ago
Property Details
Located in the vibrant heart of Burns Lake, adjacent to hotels and near shopping, this mixed-use building is a prime investment. It features 2 residential and 9 commercial units, all fully occupied, reflecting high demand. Renovated in 2013-2014 with a new roof, modern vinyl plank flooring (except in 2 carpeted units), updated windows, electrical systems, additional rental units, bathroom upgrades, new exterior doors, furnace, and retaining wall, it's in top condition. Priced at $1.4 million with an 8% Cap rate, it offers a lucrative return. The building's month-to-month leases provide flexibility to increase income, making it an attractive buy for those looking to invest in Burns Lake's thriving commercial landscape. (id:1945)
Property Information
- Tax Year: 2023
- Photos Count: 35
- Lot Size Units: acres
- Lot Size Dimensions: 0.35
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