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$799,900
Available - For Sale
Listing ID: X12168345
FULLY RENOVATED LEGAL 4-PLEX IN RAPIDLY DEVELOPING NIAGARA FALLS LOCATION! Located just steps from the Niagara River, Niagara Falls University, Clifton Hill, and the GO Station, this fully remodelled multi-family property is an investors dream! With over $67,000 in annual income and a strong 6.75% cap rate, this turn-key opportunity offers both immediate cash flow and long-term appreciation. This LEGAL 4-plex features four fully self-contained, above-grade units - all updated with modern finishes to attract quality tenants. The finished lower level includes a shared laundry area, boosting tenant convenience and income potential. Set on an R5-zoned lot with ample parking and bordering future residential development, this property is surrounded by signs of growth - making it a rare chance to invest in a downtown neighbourhood with future redevelopment potential. BONUS: Seller is covering the first year of property taxes for the new owner, reducing your operating costs from day one.
Price $799,900
Taxes: $3,827
Tax Type: Annual
Occupancy by: Tenant
Address: 4768 CRYSLER Aven , Niagara Falls, L2E 3W1, Niagara
Postal Code: L2E 3W1
Province/State: Niagara
Legal Description: PT LT 15 BLK Q PL 999-1000 TOWN OF NIAGA
Directions/Cross Streets: Victoria Ave to Morrison and Left on Crysler Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 2,390
Total Area Code:  Square Feet
Area Influences: Major Highway   Public Transit
Financial Statement: T
Maintenance: 0
Water Expense: $1876
Expenses Actual/Estimated: $Est
Outside Storage: T
Heat Type: Gas Forced Air Close
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE NRC REALTY

4768 CRYSLER Aven , Niagara Falls, L2E 3W1, Niagara


 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Niagara Falls
Neighbourhood: 210 - Downtown
Style:
Lot Size: x 100.00(Feet)
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Tax: $3,827
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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