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:61594)
| 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 |
https://www.realtor.ca/real-estate/27918135/5-7-broadway-avenue-welland-772-broadway-772-broadway
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
