Property Description

Welcome to 711 Mckenzie St, a nearly 8,300 sq ft three story commercial building once known as the Regal Building. The sale also includes an end row home two unit property with a detached garage at 156 E Cottage Place. This fully rented set of properties is ready for its new owner. Rents are $4,167 for Mckenzie St, $725 for the first floor at 156 E Cottage and $1275 for the second/third floor unit there. There's also a detached garage rented for $600/month. Both apartments are on month to month leases and the commercial building started a 3 year lease in March this year with rental increases each year. Mckenzie St features a shop on the first floor with three drive in garage doors and lots of space for storage. On the second floor you'll find a three bedroom, two bathroom apartment that was once used as an office space. On the third floor, you'll find an unfinished space currently used for storage. The Mckenzie St building also features a pulley freight elevator making it easy to transport anything a potential business may need. With total monthly rents of $6,767 these properties offer lots of opportunity to keep tenants in place and see cash flow from day one or takeover the commercial building as an owner user and reduce your payment with the rental income from the two unit at Cottage Place. Call today to schedule your private tour!

Property Features

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