$550,000

Investment For Sale In Fort Erie North, Fort Erie, Ontario

$550,000

Property Information:

Discover the perfect investment opportunity in the heart of Fort Erie. This spacious large brick and concreteblock 4-plex offers the ideal combination of versatility and potential income. With an attached carport and adetached 2-car garage, there are options to maximize your rental income. This property features four distinctunits, catering to a variety of tenant needs. There's one cozy bachelor apartment, two spacious one-bedroomunits, 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 #1(Bachelor) potential rent of $800, Apartment #2 (one bedroom - currently rented) $800, Apartment #3 (2bedroom and currently rented) $750 and Apartment #4 (one bedroom - vacant) Potential rent $1000. Allrents are all utilities included. Property has hot water gas heating & furnace is located in Unit 2. Two units arecurrently vacant, providing an excellent opportunity for the new owner to take possession for personal use orset competitive rental rates for incoming tenants. With a little vision and the potential to rent out individualgarage bays, this investment promises both immediate returns and long-term value. Don't miss out on thischance to own a piece of Fort Erie real estate with incredible potential.

Inclusions: None

Building Features:

  • Floor Space: 2000 Square Feet

Property Features:

  • Bedrooms: 4
  • Acres Range: < 0.5
  • Basement: None
  • Construction Materials: Block
  • Cooling: None
  • Driveway Parking: Carport Parking, Private Drive Double Wide
  • Exterior Features: Balcony
  • Floor Space (approx): 2000 Square Feet
  • Heating: Natural Gas, Radiant, Other
  • Interior Features: Separate Heating Controls, Other
  • Laundry Features: None
  • Lot Depth: 66 Feet
  • Lot Features: City Lot, Near Golf Course, Highway Access, Hospital, Library, Marina, Open Spaces, Park, Place of Worship, Public Transit, School Bus Route, Schools, Shopping Nearby, Visual Exposure, Other
  • Lot Frontage: 82.13 Feet
  • Parking Features: Detached Garage, Asphalt
  • Roof: Asphalt Shing, Rolled/Hot Mop, Shingle
  • Water Source: Municipal
  • Waterfront Features: Lake Privileges, Lake/Pond
  • Zoning: R3
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved