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!
MLS# | X12027557 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 40 |
Listing Provided By | ROYAL LEPAGE NRC REALTY | X12027557 292603 |
SQ Feet | 2,390 |
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Acreage | 0.05 |
Province | ON |
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County | Niagara |
City | Niagara Falls |
Postal Code | L2E 3W1 |
Area | 210 Downtown |
Listing VS Median (in L2E 3W1) | |
Price: $799,900 low | high Med: $799,900 SqFt: 2,390 low | high Med: 2,390 $ / SqFt: $335 low | high Med: $335 On site: 40 low | high Med: 40.000000 |