2390 sqft
None
Forced Air
$799,900
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. (id:60490)
Business
|
BusinessType
|
Residential |
|
BusinessSubType
|
Apartments |
Property Details
|
MLS® Number
|
X12418760 |
|
Property Type
|
Multi-family |
|
Community Name
|
210 - Downtown |
|
AmenitiesNearBy
|
Highway, Public Transit |
|
ParkingSpaceTotal
|
4 |
Building
|
CoolingType
|
None |
|
HeatingFuel
|
Natural Gas |
|
HeatingType
|
Forced Air |
|
SizeInterior
|
2390 Sqft |
|
Type
|
Multi-family |
|
UtilityWater
|
Municipal Water |
Land
|
Acreage
|
No |
|
LandAmenities
|
Highway, Public Transit |
|
SizeDepth
|
100 Ft |
|
SizeFrontage
|
50 Ft |
|
SizeIrregular
|
50 X 100 Ft |
|
SizeTotalText
|
50 X 100 Ft |
|
ZoningDescription
|
R5f |
https://www.realtor.ca/real-estate/28895375/4768-crysler-avenue-niagara-falls-downtown-210-downtown
Nick Louras
Broker
(905) 359-7884
ROYAL LEPAGE NRC REALTY
4850 Dorchester Road #b
Niagara Falls,
Ontario
L2E 6N9
(905) 357-3000
www.nrcrealty.ca/