4118 Main Street, Niagara Falls | Image 1

4118 Main Street

Niagara Falls

  • Commercial

$2,900,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: I, R1C, R2

  • Age: No Data

  • Taxes: 10204

  • MLS®#: X9419678

  • Days on Site: 43 Days

  • Added: Oct 21, 2024 (2 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: MYSAK REALTY INC.

Massive price reduction from $3.75M to $2.9M. 21 unit apartment building. Vacant. 10.4% cap rate based on conservative market rents. This building still requires cosmetics upgrades on 17 of the units and 4 units require full kitchen and bathrooms and drywall. The heavy lifting of electrical and plumbing have been done. If you are looking for add value building and a project to work on this is ideal. Located right across Welland River.

Property

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Niagara Falls

  • Availability Date: TBA

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Hot Water

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 29

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 1 PL 256 VILLAGE OF CHIPPAWA; LT 2 PL 256 VILLAGE OF CHIPPAWA

  • Taxes: $10,204

  • Expenses: Est

  • Insurance Fee: 10880

  • Hydro Expense: 27500

  • Taxes Type: Annual

  • Taxes: 10204

  • Tax Year: 2024

Land

  • Cross Street: Stanley Ave/ Main St

  • Municipality District: Niagara Falls

  • Lot Depth: 165 Feet

  • Lot Frontage: 120 Feet

  • Zoning: I, R1C, R2

Commercial Specific

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Lot Code: Building

  • Gross Income/Sales: 32649

Map of 4118 Main Street, Niagara Falls
JK-8

ÉÉC Notre-Dame-de-la-Jeunesse-Niagara.F

Elementary: Catholic
4.01 km
JK-8

Heximer Avenue Public School

Elementary: Public
4.39 km
JK-8

Simcoe Street Public School

Elementary: Public
5.58 km
JK-8

Father Hennepin Catholic Elementary School

Elementary: Catholic
3.56 km
JK-8

Sacred Heart Catholic Elementary School

Elementary: Catholic
0.45 km
JK-8

River View Public School

Elementary: Public
1.28 km
9-12

Thorold Secondary School

Secondary: Public
14.22 km
9-12

Westlane Secondary School

Secondary: Public
7.11 km
9-12

Stamford Collegiate

Secondary: Public
5.31 km
Pre-Grade 9-12

Saint Michael Catholic High School

Secondary: Catholic
7.17 km
Pre-Grade 9-12

Saint Paul Catholic High School

Secondary: Catholic
8.32 km
9-12

A N Myer Secondary School

Secondary: Public
8.51 km
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 8223 Stanley Avenue, Niagara Falls | MLS: X9396777
For Sale
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$X,XXX,XXX
  • — bath
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$2,400,000
  • 5 bath
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