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USD 934,614

585 KING Street
Welland, Ontario

Beds 10
Baths 7

Property Description

SELLER WILLING TO HOLD A SMALL VENDOR TAKE BACK Impressive Cashflow investment opportunity offered at 5.5% Cap Rate. Located in downtown Welland, this Legal multiplex with 7 apartments contains 3 two-bedroom and 4 one-bedroom units with the majority of the units renovated. Offering 6 parking spots and much more. This turn-key multiplex won't last long. Extensive renovations include roof replacement in 2019, most Windows and entrance doors replaced, Upgraded Electrical and fire alarms, major plumbing upgrades, main water line, and new meter upgrade, 3 new furnaces, 2 new A/C units, legal conversion of 2 commercial units to residential units along with additional renovations to the majority of units. (id:8860)

Listed by Coldwell Banker Advantage Real Estate, Brokerage

Property Details

ID #
40370329
Status
For Sale
Type
Residential, Multi-Family Home, Multi Residential
Postal Code
L3B3L3
Parking Spaces
6
Building Feature
Air Conditioning
Septic
City sewer
Basement
Unfinished
Exterior Description
Brick, Vinyl Siding
General
Security System
Heating - Fuel Type
Gas
Heating Type
Baseboard, Forced Air
Views
Park
Water
Municipal Water

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