REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,400,000
Est. payment | /mo
12,271 SqFt
$ 1,400,000
Est. payment | /mo
12,271 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,271 sqft
Price per Sqft $114
Subdivision 772 - Broadway
MLS Listing ID X11973846
Annual Tax Amount $3,730
Tax Year 2024
Property Sub-Type Investment
Property Description
Discover this prime investment property offering a remarkable 5.7% cap rate. Featuring seven fully renovated one-bedroom units, all tenanted at or near market rent, this property is the epitome of turnkey convenience. With an impressive 8.1% cash-on-cash return in the first year, its a standout opportunity for savvy investors. This property boasts numerous capital expenditure updates, including newer windows, updated appliances, roof replacements and repairs as needed, newly installed gutters and downspouts, upgraded exterior doors, and a complete rewiring of the electrical system with updated breakers, plus much more!
Location
State ON
County Niagara
Community 772 - Broadway
Area Niagara
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 45.0
Lot Depth 180.9
Listed by EXP REALTY
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "