188-192 RAGLAN Street , Renfrew
DIAMOND in the rough... Flip property- CASH FLOW WHILE YOU RENOVATE! ADD VALUE and refinance or sell for a profit! Selling for less than $100 a sq ft! Gross income starting Mar 1: $42,000/yr (upstairs office is vacant - can be converted to residential apartments) - Expenses; $13,804/yr. TOTAL CURRENT NOI: $28,196/yr. BUT... the upstairs is vacant. Do you want to use it for an OFFICE? Or fix and flip OR fix and hold as Residential apartments? Details: Two retail spaces ($2000 and $1500) and Office space upstairs (vacant - est. $1700/mo) can be converted to apartments (Seller has engineer drawings for a layout of 3 apartments + office space, avail upon request). Approx 4500 sq ft total (2250 each floor). If you keep as office upstairs and rent it at that rate the Projected NOI is $48,596/yr. IF you make it apartments, it could be $60,008/yr (projected). EITHER WAY... This is can be your cash cow! Currently cash flowing without upstairs rented... call now!
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188-192 RAGLAN Street, Renfrew, Ontario K7V 1R1
Source: Ontario school information and student demographics - grade 3 and 6 EQAO student achievements for reading, writing and mathematics, grade 9 EQAO academic and applied student achievements, grade 10 OSSLT student achievement | Open Government Licence - Ontario
Disclaimer: The property is not necessarily in the boundary of the schools shown above. There may be other, closer schools available that are not listed in the source, or the property can be in the boundary of farther schools that are not shown on this map. This tool is designed to provide the viewer an overview of the ratings of nearby public schools, and does not suggest association to school boundaries. To view all schools and boundaries please visit the respective district school board's website.
For further information and school ranking visit Fraser Institution and EQAO.
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Subscribe Now188-192 RAGLAN Street is a Commercial Property located in the city of Renfrew. 188-192 RAGLAN Street has been listed For Sale at $289,900 since Nov 07 2019. This property . Situated in Renfrew neighbourhood
Listing Brokerage: RE/MAX HALLMARK REALTY GROUP
