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$ 1,400,000
Est. payment /mo
Active
5 - 7 BROADWAY AVENUE Welland (772 - Broadway), ON L3C5L2
12,271 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,271 sqft
Price per Sqft $114
Subdivision 772 - Broadway
MLS® Listing ID X11973846
Originating Board Toronto Regional Real Estate Board
Property Description
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! (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by EXP REALTY