Property Information:
This well-maintained four-unit multi-family building in the heart of Niagara Falls offers a turnkey investment with strong in-place income. Fully tenanted at or near market rents, the property generates immediate cash flow with a 5.4% cap rate at the asking price. Each unit is separately metered for hydro, with tenants responsible for their own utilities, minimizing operating costs. Recent upgrades include a new boiler heating system installed two years ago and a flat roof just over ten years old, both contributing to reduced near-term capital expenditures. The owner has kept the building in good condition, refreshing units upon turnover to maintain quality and tenant appeal. Situated in a quiet neighbourhood, this asset combines low-maintenance operations with long-term value retention, making it an ideal opportunity for both seasoned investors and those entering the market. (id:27)
Building Features:
-
Style:
Multiplex
-
Building Type:
Fourplex
-
Basement Development:
Unfinished
-
Basement Type:
N/A, N/A
-
Exterior Finish:
Stucco
-
Fireplace:
Yes
-
Floor Space:
2500 - 3000 sqft
-
Foundation Type:
Concrete
-
Heating Type:
Radiant heat
-
Heating Fuel:
Natural gas
-
Cooling Type:
None
-
Appliances:
Stove, Refrigerator
