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:56069)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X11973846 |
| Property Type | Multi-family |
| Community Name | 772 - Broadway |
| Appliances | Stove, Refrigerator |
| Heating Type | Baseboard Heaters |
| Size Interior | 12,271 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 180 Ft ,10 In |
| Size Frontage | 45 Ft |
| Size Irregular | 45 X 180.9 Ft |
| Size Total Text | 45 X 180.9 Ft |
| Zoning Description | Rl2, Nc, Cc2 |
3 public & 4 Catholic schools serve this home. Of these, 7 have catchments. There is 1 private school nearby.
3 arenas, 1 dog park and 3 other facilities are within a 20 min walk of this home.
Street transit stop less than a 2 min walk away.
Unfortunately this location does not yet exist in Google Street View.
https://www.realtor.ca/real-estate/27918135/5-7-broadway-avenue-welland-772-broadway-772-broadway
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Andrew Odoardi
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(866) 530-7737
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