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$ 999,900
Est. payment | /mo
5 Beds
5 Baths
2,314 SqFt
$ 999,900
Est. payment | /mo
5 Beds
5 Baths
2,314 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,314 sqft
Price per Sqft $432
Subdivision 212 - Morrison
MLS® Listing ID 40694944
Bedrooms 5
Originating Board Cornerstone - Hamilton-Burlington
Year Built 1920
Lot Size 4,573 Sqft
Acres 4573.8
Property Sub-Type Freehold
Property Description
Legal 5-Unit Multiplex in Prime Niagara Falls Location – Exceptional investment opportunity in the heart of Niagara Falls. This legal five-unit multiplex is fully tenanted with five A+ tenants, offering stable rental income and hassle-free management. All five units are above grade, providing bright and spacious living spaces that attract quality tenants. The property consists of three one-bedroom units, one studio unit, and one two-bedroom unit, catering to a diverse range of renters. Financials have been carefully accounted for, with expenses including a 5% vacancy rate and a 5% maintenance cost, ensuring accurate and realistic projections. Additional revenue is generated from Coinamatic laundry, which is fully equipped and operates on a set schedule for tenants' convenience. This multiplex is fully fire compliant, featuring a steel fire escape for added safety. The building has been professionally managed and well maintained, ensuring smooth operations with minimal expenses. Tenants benefit from inclusive utilities, making this an attractive rental option with strong occupancy rates. Driveway parking is available for tenants with vehicles, adding further convenience and value to the property. Located in a high-demand area, the property is within close proximity to public transit, shopping, dining, entertainment, and major Niagara Falls attractions. With legal status, strong income, low vacancy, and minimal maintenance requirements, this is an outstanding addition to any real estate portfolio. Don't miss this rare opportunity. (id:24570)
Location
State ON
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features No
Community Features Quiet Area, Community Centre, School Bus
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX Escarpment Golfi Realty Inc.
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