8 Bedroom
4 Bathroom
2,500 - 3,000 ft2
Fireplace
Radiant Heat
$899,500
This well-maintained four-unit multi-family building in the heart of Niagara Falls offers a turnkey investment with strong in-place income. Fully tenanted at or near market rents, the property generates immediate cash flow with a 5.3% cap rate at the asking price. Each unit is separately metered for hydro, with tenants responsible for their own utilities, minimizing operating costs. Recent upgrades include a new boiler heating system installed two years ago and a flat roof just over ten years old, both contributing to reduced near-term capital expenditures. The owner has kept the building in good condition, refreshing units upon turnover to maintain quality and tenant appeal. Situated in a quiet neighbourhood, this asset combines low-maintenance operations with long-term value retention, making it an ideal opportunity for both seasoned investors and those entering the market. (id:60626)
Property Details
|
MLS® Number
|
X12341036 |
|
Property Type
|
Multi-family |
|
Community Name
|
210 - Downtown |
|
Parking Space Total
|
4 |
Building
|
Bathroom Total
|
4 |
|
Bedrooms Above Ground
|
8 |
|
Bedrooms Total
|
8 |
|
Appliances
|
Stove, Refrigerator |
|
Basement Development
|
Unfinished |
|
Basement Features
|
Separate Entrance |
|
Basement Type
|
N/a (unfinished) |
|
Exterior Finish
|
Stucco |
|
Fireplace Present
|
Yes |
|
Foundation Type
|
Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Radiant Heat |
|
Stories Total
|
2 |
|
Size Interior
|
2,500 - 3,000 Ft2 |
|
Type
|
Fourplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
108 Ft ,7 In |
|
Size Frontage
|
40 Ft |
|
Size Irregular
|
40 X 108.6 Ft |
|
Size Total Text
|
40 X 108.6 Ft |
|
Zoning Description
|
R2 |
