15 Lake Dr
- Type: Commercial
- Style: Multi-Use
- Bathrooms: 18
- Lot Size: 0.98 acres 175.07ft x 268.17ft "175.07 ft X 268.17 ft Irregular"
- Taxes: $21,000.00 (2019)
- MLS ® #: N4817072
- Basement: Yes "Y"
Excellent Location, Right Cross From Water With No Obstruction. The Only Motel In Keswick. All Year Around Business. Access To The Water. Can Run As Motel Or Long Term Rental. Currently 80% Month To Month Rental And 20% Daily Guests. 95% Occupancy. 15 Units And Owner Apartment (13 Kitchens And 18 Washrooms). Potential Development For Low Rise Condos, Town House Or Retire Home Building. The Income Is Still Stable Even Covid.
Cooling: Air Conditioning
Many Upgrades, Well Known In Local And Us As Well For Fishing & Ice Fishing . Revenue Over 300K Annually. Property Management Service Might Be Available To Help A New Owner
Open 7 days a week
Gross Income: 320000, Net Income Before Debt: 190000, Hydro Expense: 16200, Insurance Expense: 5500, Taxes Expense: 21000, Water Expense: 9600, Total Expenses: 112300
Retail Area: %
Sewer/Water Systems: Water Source: Municipal
Brokered and Advertised by :
Sutton Group-admiral Realty Inc.
Information is deemed to be correct but not guaranteed.
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