6 Bedroom
5 Bathroom
2,000 - 2,500 ft2
None
Forced Air
$699,900
Turn key money maker!!! Solid and meticulously maintained 5 unit building located in fabulous neighbourhood close to park, public transit & shops + quick, convenient highway access. Fully occupied w/ NOI of 54,236.62 & Cap Rate near 8% / year with great upside for future rents. ( Unit #1 ( 2 bedroom ) $1488.66 , Unit #2 ( 1 bedroom ) $750.00, Unit #3 ( 1 bedroom ) $942.58, Unit #4 ( 1 bedroom ) $1350.00, Unit #5 ( 1 bedroom ) $1383.75. Units are super clean - building has newer 40yr roof (2018), newer furnace (2021), updated cooper and ABS plumbing & electrical ( 200amp ), replacement windows (2019) & freshly painted stucco exterior. Updates within the units include; newer vinyl plank flooring, 3 have new kitchens & minor update work in the baths ( Unit #2 bath is brand new ). All units have have excellent layouts + street parking permitted. Lower level is set up for future coin op laundry. (id:61594)
Property Details
|
MLS® Number
|
X12539904 |
|
Property Type
|
Multi-family |
|
Community Name
|
773 - Lincoln/Crowland |
|
Equipment Type
|
None |
|
Parking Space Total
|
3 |
|
Rental Equipment Type
|
None |
Building
|
Bathroom Total
|
5 |
|
Bedrooms Above Ground
|
6 |
|
Bedrooms Total
|
6 |
|
Appliances
|
Water Meter, Stove, Refrigerator |
|
Basement Development
|
Partially Finished |
|
Basement Features
|
Apartment In Basement, Separate Entrance, Walk-up |
|
Basement Type
|
N/a, N/a (partially Finished), N/a, N/a |
|
Cooling Type
|
None |
|
Exterior Finish
|
Stucco |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
2,000 - 2,500 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
100 Ft |
|
Size Frontage
|
45 Ft ,1 In |
|
Size Irregular
|
45.1 X 100 Ft |
|
Size Total Text
|
45.1 X 100 Ft |
|
Zoning Description
|
Rl1 |
https://www.realtor.ca/real-estate/29098263/51-lyons-avenue-welland-lincolncrowland-773-lincolncrowland
