96 Cedar Avenue

LESS than RENT!! ONLY $667.86/month with a 20% down or $874.75/month with a 10% down payment. Rare opportunity, act fast before it's gone. 2 units property in Commercial Zone but can be treated as residential property. 2nd floor unit will be vacant by the end of April so buyer can move in and keep the first floor unit to rent as is. Reasons why this deal won't last; 1.Great school district 2.Commercial zone, each unit can be rented out at $1600-$1800/month in the future 3.The value of the property can go up once the Brewery starts its operation 4.Close to all the amenities (grocery shops, beach, train, easy access to the Highway, etc..) 5. Potential retirement income Out of Pocket calculation: 10% down payment of $250,000 = $1,774.75/month(mortgage+PropertyTax+Insurance) @2.8% interest rate. $1,774.75/month - 900/month rent income = $874.75/month out of pocket. 20% down payment of $250,000 =$1567.86/month(mortgage+PropertyTax+Insurance) @2.8% interest rate. $1567.86/month - 900/month rent income = $667.86/month out of pocket . A brewery will be built close to this property. This property can be rented out to businesses such as insurance company, dentist, real estate office, doctor office, pet grooming shop, floral shop, tattoo parlor, landscape office, bakery, hair salon, day care, etc.... Long term tenants in both units. Remodeled throughout in 2013. New siding was installed in June 2015. Wood laminate floors throughout both units. 4-6 parking spots on the back of the property. Still have plenty of space on the back for more parking spots. Extra storage in the basement and attic. Washer/dryer in basement. Tenant pays gas and electric. Rent is under market price. Convenient downtown location. Walking distance to train station, and Lehmann Park Beach. Lehman Park Beach has picnic pavilion available