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Fort Erie,ON L2A 1T9
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 332 - Central
MLS Listing ID X10203408
Style 3-Storey
Bedrooms 4
Building Age 51-99
Annual Tax Amount $3,097
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Discover the perfect investment opportunity in the heart of Fort Erie. This spacious large brick and concrete block 4-plex offers the ideal combination of versatility and potential income. With an attached carport and a detached 2-car garage, there are options to maximize your rental income. This property features four distinct units, catering to a variety of tenant needs. There's one cozy bachelor apartment, two spacious one-bedroom units, and a generous two-bedroom apartment. The third-floor one-bedroom apartment is a unique gem, offering exclusive access to a rooftop space with breathtaking views of the Buffalo skyline. Apartment #2 (Bachelor) $820, Apartment #1 (one bedroom) $850, Apartment #3 (2 bedroom) $769 and Apartment #4 (one bedroom) rent $1250 . Detached 2 car garage with separate units $100 each side. (currently vacant). All rents are all utilities included. Property has hot water gas heating & furnace is located in Unit 1. With a little vision and the potential to rent out individual garage bays, this investment promises both immediate returns and long-term value. Don't miss out on this chance to own a piece of Fort Erie real estate with incredible potential. Recent improvements include a new exterior staircase to 3rd floor, updated bathroom in apartment 4 and exterior has been painted. Operation costs are approximately $12,500 per year.
Location
State ON
County Niagara
Community 332 - Central
Area Niagara
Zoning R3
Rooms
Family Room No
Basement None
Kitchen 4
Interior
Interior Features Other
Cooling None
Exterior
Parking Features Private
Garage Spaces 2.0
Pool None
View Lake,Panoramic,Water
Roof Type Asphalt Shingle,Flat
Lot Frontage 82.13
Lot Depth 66.0
Total Parking Spaces 5
Building
Foundation Slab
Others
ParcelsYN No