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20 Second Ave Lumsden, Saskatchewan S0G 3C0

$385,000

4426 sqft

Great mixed use investment opportunity in downtown Lumsden. Allowing for a 5% annual damages/vacancy loss, yearly taxes, and all utilities, this property nets $41,865 per year - roughly a 10.8 cap rate!!! (and there are tenants always waiting to get in to the residential units) Currently 1 of the commercial spaces is leased but the other is vacant and ready for a new tenant - buy this building and move your office straight in. This is a 2 level building with 2 residential rental suites upstairs (one is a 3 bedroom/1 bathroom and the other is a 2 bedroom/1 bathroom), 1 bedroom residential suite on the main floor, and 2 retail spaces right off of 2nd Ave. One commercial unit is 627 sq ft and the other is 600 sq ft. Lack of photos due to tenants in units - interior photos not recent but Seller states units are in good shape. For more information or to book a viewing call the listing agent today! (id:23620)

Business

Business Type Other

Property Details

MLS® Number SK716842
Property Type Business

Building

Amenities Storefront
Constructed Date 1920
Fireplace Present No
Size Exterior 4426 Sqft
Size Interior 4426 Sqft

Land

Acreage No
Size Irregular 0.07
Size Total 0.07 Ac
Size Total Text 0.07 Ac
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