Property Information:
A Rare Twin Semi Detached 4-Plex with 3-3 Bedrooms and 1-1+1 Bedrooms, $60,000+ yearly rental income currently . 4-Car Parking. There is potential for rents to be increased an extra $1395 monthly when units become re-rented at current market rates One 3-Bedroom unit is becoming available in January they have been paying $1400 /mo. that can be increased to $1800/mo. The owner has the City rental permit for all units and the permit is transferable to the new owners. Tenants Pay their own Hydro and Gas. Owner pays for Water. All leases are Month to Month. All separately metered. One unit has gas and the other units have baseboard heaters. ***NEW ROOF 2024*****NEW FRONT PORCH 2021****LOWER UNIT NEW FURNACE INSTALLED 2015****NEW DECK PATIO 2019****ALL NEW WATER TANKS 5 YEARS AGO OWNED. NEW Floor plus Apartment facelifts by unit and date. 32 Upper Renovated 2017. 32 Lower Renovated 2020. Upper........2019. Lower Renovated 2019. Office Unit......2015. Building is Only 30 years old!!! Property located in a scenic Village Setting! Close to Brock University 7 min. and Niagara College 14 min. Very Close to the Welland Canal's twinned flight locks where ships climb the mountain!! Great tourist attraction. Approx. 3800 Sq Ft of Total Living Space !!!!! HUGE 55 x 173' DEEP Lot! AVM Range to $773,852 at time of initial offering . VENDOR IS MOTIVATED had the property for nearly a decade. Vendor will consider holding First Mortgage with sufficient Down Payment, or possible small 2nd mortgage!! (id:27)
Building Features:
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Style:
Multiplex
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Building Type:
Fourplex
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Amenities:
Separate Hydro Meters
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Architectural Style:
Raised bungalow
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Basement Development:
Finished
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Basement Type:
N/A, N/A, N/A
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Exterior Finish:
Brick, Vinyl siding
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Fire Protection:
Smoke Detectors
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Floor Space:
2000 - 2500 sqft
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Foundation Type:
Poured Concrete
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Heating Type:
Baseboard heaters, Forced air, Not known, Not known
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Heating Fuel:
Electric, Natural gas
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Cooling Type:
None