Description
Legal Non-Conforming 4-Plex + In-Law Suite. Prime Investment Opportunity! Impressive rental income featuring 5 x 2-bedroom units, including a lower-level 2-bedroom in-law suite with separate entrance. Set on a large 60.14 x 160.75 ft lot, this turnkey building includes a detached double garage, concrete driveway, and parking for all units. 4 units recently renovated with over $240K in upgrades, plus a brand-new coin-operated laundry room (2024). Additional updates: breaker panels, windows/doors, basement waterproofing, roofs (2011), boiler (2012), and bathroom upgrades across several units. Gross annual income approx: $97,086! with very desirable CAP rate of approx 7.72%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location!
Overview
Property ID:
X12252310
Type:
Investment
Bedrooms:
10
Bathrooms:
1
Square:
0 m²
Price:
$970,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Acres
Cooling:
No
Heating:
Gas Forced Air Open
ParkingFeatures:
Double Detached
YearBuilt:
Unknown
TaxAnnualAmount:
4513.17
PossessionDetails:
TBD
Map
-
AddressNiagara Falls
Contact Agency
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