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Massive price reduction from $3.75M to $2.9M. 21 unit apartment building. Vacant. 10.4% cap rate based on conservative market rents. This building still requires cosmetics upgrades on 17 of the units and 4 units require full kitchen and bathrooms and drywall. The heavy lifting of electrical and plumbing have been done. If you are looking for add value building and a project to work on this is ideal. Located right across Welland River. (id:34792)
Business Type | Residential |
Business Sub Type | Apartments |
MLS® Number | X9419678 |
Property Type | Multi-family |
Amenities Near By | Public Transit |
Parking Space Total | 29 |
Heating Fuel | Natural Gas |
Heating Type | Hot Water Radiator Heat |
Type | Multi-family |
Utility Water | Municipal Water |
Acreage | No |
Land Amenities | Public Transit |
Size Depth | 165 Ft |
Size Frontage | 120 Ft |
Size Irregular | Bldg=120 X 165 Ft |
Size Total Text | Bldg=120 X 165 Ft |
Zoning Description | I, R1c, R2 |
7 public & 7 Catholic schools serve this home. Of these, 9 have catchments. There are 2 private schools nearby.
3 tennis courts, 2 playgrounds and 8 other facilities are within a 20 min walk of this home.
Street transit stop less than a 1 min walk away. Rail transit stop less than 7 km away.
https://www.realtor.ca/real-estate/27564459/4118-main-street-niagara-falls