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$ 799,900
Est. payment | /mo
2,390 SqFt
$ 799,900
Est. payment | /mo
2,390 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,390 sqft
Price per Sqft $334
Subdivision 210 - Downtown
MLS Listing ID X12027557
Annual Tax Amount $3,927
Tax Year 2024
Property Sub-Type Investment
Property Description
Located just steps from the Niagara River, Niagara Falls U, Clifton Hill and the GO Station, this fully remodelled multi-family property is an investors dream! Boasting a strong 6.75% cap rate and over $67,000 in annual income, this turn-key opportunity is perfect for those looking for immediate cash flow and long-term appreciation. This LEGAL 4-plex features four (above grade) fully self-contained units! Each unit is updated throughout with modern finishes and the lower level is finished with common laundry area maximizing tenant appeal and rental income potential! With strong rental demand, a prime location, and no additional work needed, this property is a rare find in the multi-family market. Ample parking for all tenants, and R5 zoning for future development use. Connect today to add this impressive asset to your investment portfolio!
Location
Province ON
County Niagara
Community 210 - Downtown
Area Niagara
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 100.0
Building
New Construction false
Listed by ROYAL LEPAGE NRC REALTY