413 Main Street South, South Huron (Exeter), N0M1S2

Home Overview

Description

Calling all smart investors! Welcome to 413 & 411 Main Street South, an Opportunity to own a mixed use Com/Res 2.5 story building located in the historic core of downtown Exeter, Ontario. This property offers exceptional cash flow potential with two street-level retail spaces currently vacant ready for your next venture or available for lease to new tenants. In addition to the retail storefronts, the building features five fully renovated residential units at the rear and upper levels. Separate entrances at both the front and rear of the building provide easy access for tenants. Three units (1 unit of 3 bed, and 2 units of 1 bed) are already occupied by long-term tenants, while the remaining two units (1-bachelor unit (830sqf+/-) &1 bedroom unit) offer flexibility for owner occupancy or additional rental income. Highlighted features include: Full renovation of all residential units to meet 2025 building code standards; Brand new kitchens in two of the units; New siding and windows (installed three years ago); New electrical throughout the entire building; Baseboard heating with individual controls in each unit; Four owned hot water tanks; Interconnected fire alarm system; Whole-building Wi-Fi coverage. This turn-key property is perfect for investors seeking a secure, income-generating asset with minimal work needed. Easy 11% cap rate when fully occupied. Proforma financials are available upon request. Opportunities like this don't come around often, don't miss out! Call today to schedule your private showing! Please allow enough time to deliver 24 hour entry notices to tenants. (id:39198)

67 days

On Market

Retail

Property Type

$2,753 / Year

Est. Annual Taxes

Other

Style

-

Garage

-

Basement

Location & Areas