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!
Address
5 - 7 Broadway Avenue
List Price
$1,400,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Welland
Sub-Area
772 - Broadway
County
Niagara
Lot Size Source
MPAC
Lot Depth
180.9
Lot Type
Lot
Lot Size Units
Feet
Lot Width
45
MLS® Number
X11973846
Listing Brokerage
EXP REALTY
Postal Code
L3C 5L2
Tax Amount
$3,730.87
Tax Year
2024
Heat Type
Baseboard
Cooling Features
No
Garage Type
None
