$799,900
Available - For Sale
Listing ID: X12168345
4768 CRYSLER Aven , Niagara Falls, L2E 3W1, Niagara
| FULLY RENOVATED LEGAL 4-PLEX IN RAPIDLY DEVELOPING NIAGARA FALLS LOCATION! Located just steps from the Niagara River, Niagara Falls University, Clifton Hill, and the GO Station, this fully remodelled multi-family property is an investors dream! With over $67,000 in annual income and a strong 6.75% cap rate, this turn-key opportunity offers both immediate cash flow and long-term appreciation. This LEGAL 4-plex features four fully self-contained, above-grade units - all updated with modern finishes to attract quality tenants. The finished lower level includes a shared laundry area, boosting tenant convenience and income potential. Set on an R5-zoned lot with ample parking and bordering future residential development, this property is surrounded by signs of growth - making it a rare chance to invest in a downtown neighbourhood with future redevelopment potential. BONUS: Seller is covering the first year of property taxes for the new owner, reducing your operating costs from day one. |
| Price | $799,900 |
| Taxes: | $3827.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 4768 CRYSLER Aven , Niagara Falls, L2E 3W1, Niagara |
| Postal Code: | L2E 3W1 |
| Province/State: | Niagara |
| Legal Description: | PT LT 15 BLK Q PL 999-1000 TOWN OF NIAGA |
| Directions/Cross Streets: | Victoria Ave to Morrison and Left on Crysler Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2390.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Financial Statement: | T |
| Water Expense: | $1876 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Outside Storage: | T |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE NRC REALTY |
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NASSER NADA
Broker
Dir:
416-859-5645
Bus:
905-507-4776
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 210 - Downtown |
| Tax: | $3,827 |
| Fireplace: | N |
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