188-192 RAGLAN STREET S

RE/MAX HALLMARK REALTY GROUP

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**188-192 RAGLAN STREET S, Renfrew, Ontario, K7V1R1**
Property TypeRetail	Built in1900

Potential for $78,000 gross income! Two retail storefronts (fully leased) with HIGH CEILINGS plus a HUGE office space of 2500+sq ft upstairs (VACANT). DIAMOND in the rough... Flip property- CASH FLOW WHILE YOU RENOVATE! ADD VALUE or refinance or sell for a profit! Selling for just over $100 a sq ft. Current gross income : $48,000/yr ($2000 x 2 for retail spaces) - Expenses- approx;$17,804/yr (should be less). TOTAL CURRENT NOI: $30,196/yr. BUT... 2500 sq ft of office is vacant. Potential after $80-100k renovation is at least $12/sqft which equals $30,000 a year. $78,000 projected Gross Income. Do you want to use it for an OFFICE? If you keep as office upstairs and rent it at that rate the Projected NOI is $60,196/yr. EITHER WAY... This is can be your cash cow! Currently cash flowing without upstairs rented... RENOVATE while you GENERATE! 48hrs notice for showings - book now. (id:46094)

**Details**
OwnershipFreehold	Parking Spaces4
TransactionFor sale	Zoning DescriptionCommercial

**Building**
Constructed Date1900	Bathrooms (Half)0
Bathrooms (Total)0

**Land**
Size Frontage51 ft ,5 in	Size Depth119 ft ,7 in
Size Irregular51.41 ft X 119.58 ft (Irregular Lot)

Listing Office: RE/MAX HALLMARK REALTY GROUP

Data Provided by Ottawa Real Estate Board

Last Modified :20/01/2023 09:11:06 PM