Key Facts
- MLS® #: X12539904
- Property ID: SIRC2962705
- Property Type: Residential, Multiplex
- Lot Size: 4,511 sq.ft.
- Bedrooms: 6
- Bathrooms: 5
- Additional Rooms: Den
- Parking Spaces: 3
- Listed By:
- COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Property Description
Turn key money maker!!! Solid and meticulously maintained 5 unit building located in fabulous neighbourhood close to park, public transit & shops + quick, convenient highway access. Fully occupied w/ NOI of 54,236.62 & Cap Rate near 8% / year with great upside for future rents. ( Unit #1 ( 2 bedroom ) $1488.66 , Unit #2 ( 1 bedroom ) $750.00, Unit #3 ( 1 bedroom ) $942.58, Unit #4 ( 1 bedroom ) $1350.00, Unit #5 ( 1 bedroom ) $1383.75. Units are super clean - building has newer 40yr roof (2018), newer furnace (2021), updated cooper and ABS plumbing & electrical ( 200amp ), replacement windows (2019) & freshly painted stucco exterior. Updates within the units include; newer vinyl plank flooring, 3 have new kitchens & minor update work in the baths ( Unit #2 bath is brand new ). All units have have excellent layouts + street parking permitted. Lower level is set up for future coin op laundry.
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Location
51 Lyons Ave, Welland, Ontario, L3B 1L8 Canada
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