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$ 515,000
Est. payment | /mo
6 Beds
3 Baths
1,099 SqFt
$ 515,000
Est. payment | /mo
6 Beds
3 Baths
1,099 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,099 sqft
Price per Sqft $468
Subdivision 333 - Lakeshore
MLS® Listing ID X12052583
Bedrooms 6
Originating Board Niagara Association of REALTORS®
Property Description
Investor Alert! This legal triplex is a fantastic value-add opportunity, ideally located just steps from the waterfront on Lakeshore Blvd with stunning views of Lake Erie. Featuring three units, a 1-bedroom and a 2-bedroom, both tenanted on month-to-month leases, plus a vacant 3-bedroomthis property is primed for cash flow with room to increase rents. Tenants pay their own hydro (heating is electric), keeping expenses low, and additional income comes from coin-operated laundry. The property also includes parking for three vehicles and a newly owned water heaters. While the building could use some updates, the potential for increased value is undeniable. With fresh drywall and paint in the back unit already completed, the groundwork is set for a high-return BRRRR or flip opportunity. Located in a quiet, stable neighborhood with easy access to the Friendship Trail, Peace Bridge, Buffalo, and all that Fort Erie has to offer, this is an ideal project for investors, flippers, or contractors looking to capitalize on a growing market. Don't miss out! Schedule your showing today! (id:24570)
Location
Province ON
Lake Name Lake Erie
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Wall unit
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Water Lake Erie
Listed by REVEL Realty Inc., Brokerage
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