Wholesale Price: $655,000
Closing Date: July 15, 2021
We are selling our assignable purchase contract.
Off Market Triplex Opportunity Niagara Falls. 2 minutes drive from Niagara Falls and 10 minutes walk. Lots of potential to add value to this property and turn around with minimal renovations.
INTERIOR PROPERTY FEATURES
Unit 1
2 Bedrooms, 1 Washroom
1 Kitchen
Approximately 1150 SQ FT
Tenant pays Hydro
Currently Tenanted for $700/month
Unit 3
Approximately 550 SQ FT
1 Bedroom, 1 Washroom
Currently paying $550/month
Tenant planning to move out July 31st as per seller. In agreement we only have one unit number 2 will be vacant on closing.
Unit 2
Approximately 750 SQ FT
1 Bedroom, 1 Washroom, Kitchen
Vacant Unit – Set your own rent (Market Rents $1000-$1100)
New Windows (replaced last week)
Current Monthly Expenses :
Taxes: $3271/year
Hot Water rental
Insurance
Water Bill: $84 per month
Exterior Property Features
R2 zone (buyer to verify)
Roof Changed 2019/2020
Waterproofing/sewage 2016/2017
Parking for 3-4 cars
5 minutes drive to Niagara Falls and 8 minutes walk to the Falls.
Comparables
5333-mcrae-street-niagara-falls, 3 Units Listed for $699,000 on MLS.
5042 SAINT CLAIR Avenue Niagara Falls sold for $621,000 in May 2021. 2 Kitchens and 2 Hydro Meters on this building. Third rough in for kitchen available to convert to Triplex.
If you are interested in this property, or wanted to get more information this property, please contact us at:
Email anytime at
buyer@shanayaproperties.com
By phone/text from 9 am-7 pm:
647-277-5045
Contact us for Address, please DO NOT go directly to the property.
Disclaimer: The information in this email is through ShanayaProperties analysis only. We are not home inspectors or appraisers. Some statements are based on what we noticed at the property, though it is possible that things were missed, or things we simply don’t know enough about. We will never make intentionally incorrect statements. Some statements are made based on what sellers or tenants have told us – they could be mistaken or untruthful. Please do your own due diligence and use details in this email as guidance only.