For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,699,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 17,954 sqft
Price per Sqft $94
MLS Listing ID 40645617
Sold Date 09/26/24
Bedrooms 22
Abv Grd Liv Area 17,954
Originating Board Niagara
Annual Tax Amount $24,246
Lot Size 0.410 Acres
Acres 0.41
Property Description
Going in cap of 6.2% which includes estimates for super, prop mang, vacancy and R&M. 11 unit building comprised of all 2 Bed units. $154k/door. ROI with 20% down aprox 14.6%. Roof 2017. Sep hydro meters. Space for an additional 12th unit. Upside on full rent roll. Large lot ample parking. Perfect rental location to attract great tenants. Close to all amenities. All due diligence material is available in data room upon request.
Location
Province ON
County Niagara
Area Welland
Zoning RL1, RM
Direction Niagara Street to Price
Rooms
Basement Crawl Space, Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Natural Gas, Other
Cooling Other
Fireplace No
Appliance Hot Water Tank Owned
Laundry Other
Exterior
Waterfront No
Roof Type Other
Lot Frontage 132.0
Lot Depth 135.0
Garage No
Building
Lot Description City Lot, Highway Access, Park, Schools
Faces Niagara Street to Price
Story 3
Foundation Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Block
New Construction No
Others
Senior Community false
Tax ID 640910234
Ownership Freehold/None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP