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Key Facts

Type Investment
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $3,827
Days Active 15
Approx. Age 
MLS® Number X12168345

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

FULLY RENOVATED LEGAL 4-PLEX IN RAPIDLY DEVELOPING NIAGARA FALLS LOCATION! Located just steps from the Niagara River, Niagara Falls University, Clifton Hill, and the GO Station, this fully remodelled multi-family property is an investors dream! With over $67, 000 in annual income and a strong 6.75% cap rate, this turn-key opportunity offers both immediate cash flow and long-term appreciation. This LEGAL 4-plex features four fully self-contained, above-grade units - all updated with modern finishes to attract quality tenants. The finished lower level includes a shared laundry area, boosting tenant convenience and income potential. Set on an R5-zoned lot with ample parking and bordering future residential development, this property is surrounded by signs of growth - making it a rare chance to invest in a downtown neighbourhood with future redevelopment potential. BONUS: Seller is covering the first year of property taxes for the new owner, reducing your operating costs from day one.Show Description
MLS® NumberX12168345
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas Forced Air Closed
A/CNo
Heating Fuel

Extras

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