585 King Street Welland, Ontario L3B 3L3
$1,199,900
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:26105)
Property Details
| MLS® Number | 40370329 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Public Transit, Schools |
| Community Features | School Bus |
| Features | Park/reserve |
| Parking Space Total | 6 |
Building
| Bathroom Total | 7 |
| Bedrooms Total | 10 |
| Appliances | Water Meter |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Alarm System |
| Fireplace Present | No |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 4282 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Nearby |
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 132 Ft |
| Size Frontage | 39 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Cc2 |
https://www.realtor.ca/real-estate/25225386/585-king-street-welland
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Niagara Association of REALTORS®
Coldwell Banker Advantage Real Estate Inc, Brokera
March 06 2023 03:52:59
