$999,900 FOR SALE

Investment

Lot: 113 x 240.4 ftTotal Area: 3,000 ft2
2023 Taxes: $5,230

5366 King St
Lincoln, ON L0R 1B3 | Niagara

ATTENTION INVESTORS - DIVERSIFY YOUR INVESTMENT PORTFOLIO OVER 5% CAP RATE long term tenants and rarely offered purpose built 4-Plex in Beamsville on the Wine Route. Each unit ranges in size from 760 775 square feet and offers 2 bedrooms, full 3 or 4-piece bathroom, kitchen, dining area and family room with fireplace insert. Two lower units were renovated in the past 5 years top to bottom, other 2 upper units show well and have small walk out patios. Also contains storage shed, lean to, and older storage shed. Recently installed and approved septic tanks along with armour stone wall in front of 10 car parking. All 4 units are occupied and on month-to-month leases. Additional income from coin operated washer and dryer. Each unit contains fridge and stove and are heated by baseboard heat but with secondary heating from gas fireplace insert.

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Listed By ROYAL LEPAGE STATE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8177308
Last Updated Apr 26, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Category Apartment
PIN 461020006
Legal Description CON 2 PT LOT 20
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $5,230
Tax Type Annual
Directions/Cross Streets King And Mountainview
Area Niagara
Price History
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Detailed Information
Freestanding Y
Lot 113 x 240.4 ft
Lot Irregularities 113 X 125 X 240 X 271
Office/Apt Area 3,000 ft2
Total Area 3,000 ft2
Approximate Age 51-99
Elevator None
Air Conditioning N
Basement Y
Chattels Y
Garage Type None
Parking Spaces 10
Heat Type Baseboard
Financial Statement Y
Gross Income/Sales $63,240
Net Income Before Debt $51,160
Hydro Expense $300
Water Expense $1,250
Insurance Expense $4,100
Taxes Expense $5,230
Other Expenses $1,200
Year Expenses $2,023
Expenses Actual/Estimated Act
% Building 100
Outside Storage Y
Area Influences Grnbelt/Conserv, Major Highway
Sewers Septic
Utilities Y
Water Municipal
Survey N
Lot/Bldg/Unit Code Lot
Zoning RUR and NEC
Seller Property Info Statement N

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