Added 3 weeks ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-2 To 5 Units
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Zoning: R3
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Age: 51-99 years
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Taxes: 3097
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MLS®#: X9866058
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Days on Site: 21 Days
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Added: Oct 29, 2024 (3 weeks ago)
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Updated:
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Last Checked: 7 hours ago
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Listed By: RE/MAX NIAGARA REALTY LTD, BROKERAGE
Discover the perfect investment opportunity in the heart of Fort Erie. This spacious large brick and concrete block 4-plex offers the ideal combination of versatility and potential income. With an attached carport and a detached 2-car garage, there are options to maximize your rental income. This property features four distinct units, catering to a variety of tenant needs. There's one cozy bachelor apartment, two spacious one-bedroom units, and a generous two-bedroom apartment. The third-floor one-bedroom apartment is a unique gem, offering exclusive access to a rooftop space with breathtaking views of the Buffalo skyline. Apartment #2 (Bachelor) $850, Apartment #1 (one bedroom - currently rented) $820, Apartment #3 (2 bedroom and currently rented) $769 and Apartment #4 (one bedroom - vacant) Potential rent $1250 . All rents are all utilities included. Property has hot water gas heating & furnace is located in Unit 1. One unit currently vacant, providing an excellent opportunity for the new owner to take possession for personal use or set competitive rental rates for incoming tenants. With a little vision and the potential to rent out individual garage bays, this investment promises both immediate returns and long-term value. Don't miss out on this chance to own a piece of Fort Erie real estate with incredible potential. Recent improvements include a new exterior staircase to 3rd floor, updated bathroom in apartment 4 and exterior has been painted.
Property
Status: Sale
Type: Apts-2 To 5 Units
Property Type: Investment
Property Type: Apartment
Age: 51-99
Area: Fort Erie
Community: 332 - Central
Availability Date: 60 DAYS
Assessment Amount: $182,000
Assessment Year: 2024
Inside
Air Conditioning: N
Building
Basement: N
Heat Type: Other
UFFI: No
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Outside Storage: Y
Water Supply: Municipal
Physically Handicapped-Equipped: N
Parking
Garage Type: Double Detached
Covered Parking Spaces: 3
Fees
Tax Year: 2024
Tax Legal Description: PT LT 5 PL 515 VILLAGE OF FORT ERIE AS IN RO769346 EXCEPT THE EA
Taxes: $3,097
Expenses: Est
Management Expense: 100
Insurance Fee: 2000
Heat Expenses: 6700
Other Expenses: 2000
Taxes Type: Annual
Taxes: 3100
Tax Year: 2024
Water Fees: 1200
Land
Cross Street: CENTRAL AVE
Municipality District: Fort Erie
Parcel Number: 642220109
Sewer: Sanitary
Lot Depth: 66 Feet
Lot Frontage: 82.13 Feet
Zoning: R3
Commercial Specific
Total Area: 2000
Total Area Metric: Sq Ft
Area Influence: Public Transit
Area Influence: Rec Centre
Franchise: N
Tangible Property Included: Y
Crane: N
Lot Code: Building
Survey: N
Building Percent: 100
Financial Statement: N
Gross Income/Sales: 44268
Car-Dependent
- Most errands require a car.
Somewhat Bikeable
- Most errands require a car.
John Brant Public School
Elementary: PublicSt Philomena Catholic Elementary School
Elementary: CatholicStevensville Public School
Elementary: PublicPeace Bridge Public School
Elementary: PublicGarrison Road Public School
Elementary: PublicOur Lady of Victory Catholic Elementary School
Elementary: CatholicGreater Fort Erie Secondary School
Secondary: PublicFort Erie Secondary School
Secondary: PublicRidgeway-Crystal Beach High School
Secondary: PublicWestlane Secondary School
Secondary: PublicStamford Collegiate
Secondary: PublicSaint Michael Catholic High School
Secondary: Catholic-
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