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$ 875,000
Est. payment | /mo
8 Beds
4 Baths
2,500 SqFt
$ 875,000
Est. payment | /mo
8 Beds
4 Baths
2,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $350
Subdivision 210 - Downtown
MLS® Listing ID X12452765
Bedrooms 8
Source Toronto Regional Real Estate Board
Property Description
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 5.4% 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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by EXP REALTY
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