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! (id:53712)
Business Type | Residential |
Business Sub Type | Apartments |
MLS® Number | X12027557 |
Property Type | Multi-family |
Community Name | 210 - Downtown |
Amenities Near By | Highway, Public Transit |
Parking Space Total | 4 |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Size Interior | 2,390 Ft2 |
Type | Multi-family |
Utility Water | Municipal Water |
Acreage | No |
Land Amenities | Highway, Public Transit |
Size Depth | 100 Ft |
Size Frontage | 50 Ft |
Size Irregular | 50 X 100 Ft |
Size Total Text | 50 X 100 Ft |
Zoning Description | R5f |
Contact us for more information
Nick Louras
Broker
(905) 357-3000
www.nrcrealty.ca/