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$ 770,000
Est. payment | /mo
11 Beds
3 Baths
1,662 SqFt
$ 770,000
Est. payment | /mo
11 Beds
3 Baths
1,662 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1,662 sqft
Price per Sqft $463
MLS Listing ID X9410939
Bedrooms 11
Annual Tax Amount $2,718
Tax Year 2021
Property Description
$6000 month income. 10 Long Term Tenants 10 occupied bedrooms for cash flow. Highly needed and in demand rooming house situation. Zoning is R3 and currently recognized as a duplex, 3 hydro meters, 3 separate units each with exterior entrances with 5 bedrooms on 1st and 2nd floor apts. The property is being sold as is with the current long term tenant arrangement -10 occupied rooms @$6000 month, $72000yr. approx $58k Net after taxes, utilities etc. Highly tenantable area with transit and walking distance to grocery, doctors, amenities. 42x96 lot with single drive leading to open rear yard parking. the 1 bed basement apartment is vacant buyer to do their own due diligence on conversion. The basement apt was added by the previous owner, it may need some fire separation retro-fit and an electrical inspection.
Location
Province ON
County Niagara
Zoning R3
Rooms
Basement Partially Finished, Full
Kitchen 0
Interior
Interior Features Accessory Apartment
Cooling None
Inclusions None
Laundry Coin Operated
Exterior
Garage Private
Garage Spaces 4.0
Pool None
Community Features Public Transit
Utilities Available Unknown
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Block
New Construction false
Others
Senior Community No
Security Features Unknown
Listed by ROYAL LEPAGE NRC REALTY