48-50 Courtwright Street, Fort Erie | Image 1

48-50 Courtwright Street

Fort Erie

  • 7 bed 4 bath 3500 sqft
$574,900 est.*: $1,948/mo
For Sale

Added 2 weeks ago

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  • Type: Fourplex

  • Style: Other

  • Size: 3500 sqft

  • Lot Size: 76.83 x 134.7 Feet

  • Age: 51-99 years

  • Taxes: $2,830 per year

  • Added: Feb 13, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 1 hour ago

  • MLS®#: X8063718

  • Listed By: Keller williams complete realty

Attention Investors, seize a unique opportunity to transform this diamond in the rough! Presenting a 4-plex with an enticing 7.12% CAP Rate, this property, though currently in need of some TLC, has incredible potential. Housing a mix of one-bedroom and two-bedroom units, all occupied with reliable tenants, the annual income of $51,600 and Net Operating Income of $40,950 speak to its underlying value. The property's strategic location near major highways and the US border positions it as a promising investment. Turn this hidden gem into a lucrative venture. With the potential to enhance its appeal and increase rental income, this property offers a unique canvas for savvy investors ready to unlock its true potential. Act now and embark on the journey of transforming this property into a lucrative investment opportunity!

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Property

  • Status: Sale

  • Property Type: Fourplex

  • Style: Other

  • Size (sq ft): 3500

  • Age: 51-99

  • Area: Fort Erie

  • Availability Date: Flexible

  • Assessment Amount: $153,000

  • Assessment Year: 2023

Inside

  • Bedrooms: 7

  • Bathrooms: 4

  • Kitchens: 4

  • Rooms: 8

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 4

Building

  • Basement: Full

  • Basement 2: Unfinished

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Metal/Side

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Private

  • Garage Type: None

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2023

  • Tax Legal Description: Plan 910 Lot F Np 348

  • Taxes: $2,830

Highlights

  • Feature: Other

Land

  • Cross Street: Central

  • Municipality District: Fort Erie

  • Fronting On: East

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 134.7 Feet

  • Lot Frontage: 76.83 Feet

  • Acres: < .50

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Somewhat Walkable

  • Some errands can be accomplished on foot.
51 /100

Somewhat Bikeable

  • Most errands require a car.
41 /100
JK-8

St Joseph Catholic Elementary School

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11.73 km
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St Philomena Catholic Elementary School

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5.40 km
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Stevensville Public School

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10.77 km
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Peace Bridge Public School

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1.73 km
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Garrison Road Public School

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4.19 km
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Our Lady of Victory Catholic Elementary School

Elementary: Catholic
1.16 km
9-12

Greater Fort Erie Secondary School

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Fort Erie Secondary School

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Stamford Collegiate

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23.25 km
Pre-Grade 9-12

Saint Michael Catholic High School

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24.19 km
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