$1,400,000
Available - For Sale
Listing ID: X11973846
5 - 7 Broadway Aven , Welland, L3C 5L2, Niagara
| 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! |
| Price | $1,400,000 |
| Taxes: | $3730.87 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 5 - 7 Broadway Aven , Welland, L3C 5L2, Niagara |
| Postal Code: | L3C 5L2 |
| Province/State: | Niagara |
| Legal Description: | LTS 90-92, PL 969; PT LANE, PL 969 (CLOS |
| Directions/Cross Streets: | Broadway/Semley Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 12271.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| EXP REALTY |
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Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 772 - Broadway |
| Tax: | $3,730.87 |
| Fireplace: | N |
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