$3,600,000 Sale

Listed 1 day

81 EMPIRE STREET

MLS® x14158412 Multi Family

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Date:

Beds · 0

Baths · 0.0

Parking · 0

Sqft · 16598

Est. mortgage

$13,657/mo

Key Facts

Key facts for 81 EMPIRE STREET

Property Type

Apartment

Parking

Garage: No, 0 parking

MLS #

X14158412

Size

16598 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Exceptional turnkey 17-unit apartment building in Welland offered at a 5.5% cap rate with approximately $3,300,000 in assumable financing at 4.75% through June 2029. Fully renovated throughout, all suites offer modern finishes, heat pumps, and in-suite laundry, with most units featuring private balc...onies. A major value driver is the 5 units added around 2022, which are exempt from Ontario rent control and create outstanding future rental growth potential. Professionally managed and highly stabilized, this is a rare opportunity to acquire a low-maintenance, cash-flowing multifamily asset with built-in upside and favourable debt already in place. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

16598 sqft

Heating Source

Natural gas

Heating Type

Forced air, Other

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

16598 sqft

Heating Source

Natural gas

Heating Type

Forced air, Other

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

92.37 x 200 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Acreage

92.37 x 200 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Building Description

Home Type

Apartment

Subtype

Multi Family

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Water Supply

Municipal water

Community

Lincoln/Crowland

Area Code

Welland (Lincoln/Crowland)

Community

Lincoln/Crowland

Area Code

Welland (Lincoln/Crowland)

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