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Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 3,552 sqft
Price per Sqft $140
MLS Listing ID 40537224
Sold Date 03/13/24
Bedrooms 7
Abv Grd Liv Area 3,552
Originating Board Niagara
Annual Tax Amount $2,830
Property Description
Attention Investors, seize a unique opportunity to transform this diamond in the rough! Presenting a 4-plex with an enticing 7.12% CAP Rate, this property, though currently in need of some TLC, has incredible potential. Housing a mix of one-bedroom and two-bedroom units, all occupied with reliable tenants, the annual income of $51,600 and Net Operating Income of $40,950 speak to its underlying value. The property's strategic location near major highways and the US border positions it as a promising investment. Turn this hidden gem into a lucrative venture. With the potential to enhance its appeal and increase rental income, this property offers a unique canvas for savvy investors ready to unlock its true potential. Act now and embark on the journey of transforming this property into a lucrative investment opportunity!!
Location
Province ON
County Niagara
Area Fort Erie
Zoning C2A-419
Direction Niagara BLVD to Courtwright Street
Rooms
Basement Full, Unfinished
Kitchen 0
Interior
Interior Features Other
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Laundry None
Exterior
Garage Gravel
Waterfront No
Roof Type Asphalt Shing
Lot Frontage 76.83
Lot Depth 134.7
Garage No
Building
Lot Description Rectangular, Other
Faces Niagara BLVD to Courtwright Street
Story 2
Foundation Concrete Block, Stone
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Metal/Steel Siding,Vinyl Siding
New Construction No
Schools
Elementary Schools Peace Bridge Elementary
High Schools Gfess
Others
Senior Community false
Tax ID 270301004
Ownership Freehold/None
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