Purpose-built solid brick 12-unit apartment complex on a 111 X 208 parcel zoned INSH. lot provides the potential for adding future development on the site. The building is solid with high quality terrazzo floors throughout hallways. lots of areas to substantially improve income . 8x 2 bed units, 3 x 1 bed units, 1 x 3 bed unit. Location will appeal to many tenants with access to ample parking, on-site laundry, public transit, hospital and a variety of amenities all within walking distance. Tremendous opportunity for the long term investor |
Price | $2,200,000 |
Taxes: | $20874.00 |
Assessment: | $630000 |
Assessment Year: | 2023 |
Occupancy by: | Tenant |
Address: | 131 THIRD St , Welland, L3B 4W5, Ontario |
Postal Code: | L3B 4W5 |
Province/State: | Ontario |
Legal Description: | PT BLK D PL 574 AS IN RO749116 ; S/T RO1 |
Lot Size: | 111.00 x 208.00 (Acres) |
Directions/Cross Streets: | PLYMOUTH TO THIRD ST |
Total Area: | 15400.00 |
Total Area Code: | Sq Ft |
Area Influences: | Park Public Transit |
Approximatly Age: | 51-99 |
Insurance Expense: | $7898 |
Heat Expenses: | $18086 |
Other Expenses: | $6200 |
Net Income Before Debt: | $92300 |
Heat Type: | Baseboard |
Central Air Conditioning: | None |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX NIAGARA REALTY LTD, BROKERAGE |
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Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | Niagara |
Municipality: | Welland |
Neighbourhood: | 773 - Lincoln/Crowland |
Lot Size: | 111.00 x 208.00(Acres) |
Approximate Age: | 51-99 |
Tax: | $20,874 |
Maintenance Fee: | $2,000 |