Discover this prime investment property offering a remarkable 5.7% cap rate. Featuring seven fully renovated one-bedroom units, all tenanted at or near market rent, this property is the epitome of turnkey convenience. With an impressive 8.1% cash-on-cash return in the first year, its a standout opportunity for savvy investors. This property boasts numerous capital expenditure updates, including newer windows, updated appliances, roof replacements and repairs as needed, newly installed gutters and downspouts, upgraded exterior doors, and a complete rewiring of the electrical system with updated breakers, plus much more! (id:7434)
Property Attributes
ID#X11973846
Type Multi-Family
City Welland
Neighbourhood 772 - Broadway
Postal Code L3C 5L2
StyleApartments
Price$ 1,400,000
Bedrooms 0
Bathrooms 0
Half Bathrooms 0
Sqr Footage12271
Data Source:
Canadian Real Estate Association (CREA)
Building Fireplace Present
False
Building Heating Type
Baseboard heaters