Size
-
Lot size
5412 sqft
Street frontage
-
Possession
-
Price per sqft
$250 - $313
Taxes
$3,097 (2024)
Parking Type
-
Style
3-Storey
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Description
Discover the perfect investment opportunity in the heart of Fort Erie. This spacious large brick and concrete block 4-plex offers the ideal combination of versatility and potential income. With an attached carport and a detached 2-car garage, there are options to maximize your rental income. This property features four distinct units, catering to a variety of tenant needs. There's one cozy bachelor apartment, two spacious one-bedroom units, and a generous two-bedroom apartment. The third-floor one-bedroom apartment is a unique gem, offering exclusive access to a rooftop space with breathtaking views of the Buffalo skyline. Apartment #2 (Bachelor) $820, Apartment #1 (one bedroom) $850, Apartment #3 (2 bedroom) $769 and Apartment #4 (one bedroom) rent $1250 . Detached 2 car garage with separate units $100 each side. (currently vacant). All rents are all utilities included. Property has hot water gas heating & furnace is located in Unit 1. With a little vision and the potential to rent out individual garage bays, this investment promises both immediate returns and long-term value. Don't miss out on this chance to own a piece of Fort Erie real estate with incredible potential. Recent improvements include a new exterior staircase to 3rd floor, updated bathroom in apartment 4 and exterior has been painted. Operation costs are approximately $12,500 per year.
Broker: RE/MAX NIAGARA REALTY LTD, BROKERAGE
MLS®#: X10203408
Property details
Parking:
5
Parking type:
-
Property type:
Multiplex
Heating type:
Water
Style:
3-Storey
MLS Size:
2000-2500 sqft
Lot front:
82 Ft
Lot depth:
66 Ft
Listed on:
Oct 30, 2024
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Rooms
Level | Name | Size | Features |
---|---|---|---|
Ground | Bedroom | 0.00 x 0.00 ft |
Instant estimate:
orto view instant estimate
$29,000
lower than listed pricei
High
$607,919
Mid
$596,000
Low
$538,610