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$974,000
Available - For Sale
Listing ID: X11968152
8 UNIT MULTIPLEX! INCREDIBLE MULTI-UNIT INVESTMENT OPPORTUNITY IN PORT COLBORNE!Discover the potential of 220-224 Mitchell & 59 Louis, a unique multi-property package featuring three separate dwellings including two duplexes and a fourplex for a total of eight units! This cash-flowing investment boasts six fully renovated and rented units, one rented but unrenovated unit, and one gutted unit approved for a five-bedroom rooming house.224 Mitchell (Fourplex): Three renovated 1-bed units plus one gutted 5-bed unit, generating $3,700/month (with major upside once the 5-bed unit is completed).59 Louis (Duplex): A 1-bed unit and a bachelor unit, generating $1,700/month, plus a garage and shed for additional value.220 Mitchell (Duplex): Two 1-bed units, each rented at $1,250, bringing in $2,500/month.Total gross rental income of $7,900/month, with significant potential for increased cash flow once the unfinished unit is completed. All three properties have newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing for peace of mind. The city recognizes seven units, making this a rare and highly lucrative investment opportunity with both strong current income and future appreciation potential!
Price $974,000
Taxes: $5,177.2
Tax Type: Annual
Occupancy by: Tenant
Address: 224 MITCHELL Stre , Port Colborne, L3K 1Y3, Niagara
Postal Code: L3K 1Y3
Province/State: Niagara
Legal Description: PT LT 20 W/S MITCHELL ST PL 849 PORT COL
Lot Size: 60.28 x 90 (Feet)
Directions/Cross Streets: CORNER OF MITCHELL AND LOUIS ST
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Building Percentage: T
Total Area: 4,000
Total Area Code:  Square Feet
Approximatly Age: 51-99
Maintenance: 0
Heat Type: Other
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX NIAGARA REALTY LTD, BROKERAGE

224 MITCHELL Stre , Port Colborne, L3K 1Y3, Niagara


 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Port Colborne
Neighbourhood: 876 - East Village
Style:
Lot Size: 60.28 x 90.00(Feet)
Approximate Age: 51-99
Tax: $5,177.2
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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