Multi-Family for Sale in Thorold
22 & 24 River St, Thorold, ON
- 16 BEDS
- 9 BATHS
- Jump to Facts
- Multi-Family for Sale in Thorold
Key Facts
- MLS® #: X13002648
- Property ID: SIRC3256598
- Property Type: Residential, Multiplex
- Lot Size¹: 89.38x159.7 ft.
- Bedrooms: 16
- Bathrooms: 9
- Parking Spaces: 9
- Listed By:
- RE/MAX SUCCESS REALTY
Property Description
9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/1125000= 6.4% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/1,125,000=12.2% by Increasing the rents to market Rent Prices. Rents have been low in the building due to long standing tenants and a very generous owner. Please compare rental rates in Thorold Proper compared to the historic hamlet of Port Robinson where the building is situated demanding greater prices because of low density (no competition) and the serene natural beauty sitting perched upon the East bank of the Welland Canal with a view of the ships passing the property directly in front. The Owner is willing to Hold a First Mortgage with 15% min down payment.
Downloads & Media
Listing Agents
Request More Information
Request More Information
Location
22 & 24 River St, Thorold, Ontario, L0S 1K0 Canada
Around this property
Information about the area within a 5-minute walk of this property.
Request Neighbourhood Information
Learn more about the neighbourhood and amenities around this property
Request NowPayment Calculator
- $
- %$
- %
- Principal and Interest 0
- Property Taxes 0
- Strata / Condo Fees 0
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.¹The value refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.