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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
Listing Status Active
Purchase Type For Sale
Square Footage 1,662 sqft
Price per Sqft $463
Subdivision 451 - Downtown
MLS® Listing ID X9410939
Bedrooms 11
Originating Board Niagara Association of REALTORS®
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. (id:24570)
Location
Province ON
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Sewer Sanitary sewer
Listed by ROYAL LEPAGE NRC REALTY