4933 Jepson Street, Niagara Falls | Image 1

4933 Jepson Street

Niagara Falls, 212 - Morrison

  • Commercial

$899,900
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: R2

  • Age: 100+ years

  • Taxes: 5063.56

  • MLS®#: X11953409

  • Days on Site: 24 Days

  • Added: Feb 03, 2025 (1 month ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: RE/MAX ESCARPMENT GOLFI REALTY INC.

Legal 5-Unit Multiplex in Prime Niagara Falls Location Exceptional investment opportunity in the heart of Niagara Falls. This legal five-unit multiplex is fully tenanted with five A+ tenants, offering stable rental income and hassle-free management. All five units are above grade, providing bright and spacious living spaces that attract quality tenants. The property consists of three one-bedroom units, one studio unit, and one two-bedroom unit, catering to a diverse range of renters. Financials have been carefully accounted for, with expenses including a 5% vacancy rate and a 5% maintenance cost, ensuring accurate and realistic projections. Additional revenue is generated from Coinamatic laundry, which is fully equipped and operates on a set schedule for tenants' convenience. This multiplex is fully fire compliant, featuring a steel fire escape for added safety. The building has been professionally managed and well maintained, ensuring smooth operations with minimal expenses. Tenants benefit from inclusive utilities, making this an attractive rental option with strong occupancy rates. Driveway parking is available for tenants with vehicles, adding further convenience and value to the property. Located in a high-demand area, the property is within close proximity to public transit, shopping, dining, entertainment, and major Niagara Falls attractions. With legal status, strong income, low vacancy, and minimal maintenance requirements, this is an outstanding addition to any real estate portfolio. Don't miss this rare opportunity.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 100+

  • Area: Niagara Falls

  • Community: 212 - Morrison

  • Availability Date: Flexible

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Radiant

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

  • Covered Parking Spaces: 6

Fees

  • Tax Year: 2024

  • Taxes: $5,064

  • Taxes Type: Annual

Land

  • Cross Street: Victoria Ave / Jepso

  • Municipality District: Niagara Falls

  • Parcel Number: 643380102

  • Lot Depth: 101.5 Feet

  • Lot Frontage: 45 Feet

  • Lot Irregularities: 45.10ft x 101.65ft x

  • Zoning: R2

Commercial Specific

  • Total Area: 2314

  • Total Area Metric: Sq Ft

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Financial Statement: Y

JK-8

ÉÉC Saint-Antoine

Elementary: Catholic
1.68 km
JK-8

École élémentaire LaMarsh

Elementary: Public
2.02 km
JK-8

Simcoe Street Public School

Elementary: Public
0.33 km
JK-8

St Patrick Catholic Elementary School

Elementary: Catholic
0.70 km
JK-8

St Mary Catholic Elementary School

Elementary: Catholic
1.25 km
JK-8

Valley Way Public School

Elementary: Public
0.56 km
9-12

Thorold Secondary School

Secondary: Public
10.50 km
9-12

Westlane Secondary School

Secondary: Public
4.79 km
9-12

Stamford Collegiate

Secondary: Public
2.16 km
Pre-Grade 9-12

Saint Michael Catholic High School

Secondary: Catholic
6.42 km
Pre-Grade 9-12

Saint Paul Catholic High School

Secondary: Catholic
3.38 km
9-12

A N Myer Secondary School

Secondary: Public
3.26 km
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