30
See all 30 photos
$550,000
Est. payment /mo
5 Beds
3 Baths
1,099 SqFt
New
12 NICKEL STREET Port Colborne (876 - East Village), ON L3K1A9
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,099 sqft
Price per Sqft $500
Subdivision 876 - East Village
MLS® Listing ID X12053122
Bedrooms 5
Originating Board Niagara Association of REALTORS®
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY! This updated triplex is the perfect cash-flow property to add to your portfolio. Once fully tenanted, it will generate over $50,000 in annual rental income! With projected rents of $1,800 for the main unit, $1,700 for the upper unit, and $1,000 for the lower unit, the total rental income reaches $54,000 per year. At $550,000 with operating expenses of just $10,000 per year, this triplex boasts an impressive 8.00% CAP rate - a fantastic opportunity for investors seeking strong returns! Three Separate Units - Upper Unit (Rented): Spacious 3-bedroom + den, full kitchen, 4-piece bathroom, living room, and private balcony. Main Floor Unit: Bright 2-bedroom layout, full kitchen, living room, and 4-piece bathroom. Lower Unit: Open-concept studio with a full kitchen, living area, and dining space. Separate Entrances & Meters for each unit. Shared Laundry for tenant convenience. Double-Wide Driveway providing ample parking. Whether you're an investor looking for solid cash flow or an owner-occupant seeking mortgage assistance, this high-potential property is a must-see. Don't miss out schedule a viewing today! (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Basement 2.08 m X 3.3231 m Foyer
Extra Room 2 Basement 3.24 m X 4.9 m Living room
Extra Room 3 Basement 3.02 m X 3.09 m Kitchen
Extra Room 4 Basement 3.02 m X 1.43 m Dining room
Extra Room 5 Basement 2.69 m X 1 m Bathroom
Extra Room 6 Main level 4.06 m X 5 m Living room
Interior
Heating Radiant heat
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE
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