21 unit apartment building. Vacant. 8.1% 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.
LT 1 PL 256 VILLAGE OF CHIPPAWA; LT 2 PL 256 VILLAGE OF CHIPPAWA ; PT LT 3 PL 256 VILLAGE OF CHIPPAWA, BEING PT 2 59R-17190; CITY OF NIAGARA FALLS
Occupancy
Vacant
Possession Date
TBA
Taxes (2024)
$10,204
Tax Type
Annual
Directions/Cross Streets
Stanley Ave/ Main Street
Area
Niagara
Price History
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Detailed Information
Freestanding
Y
Lot
120 x 165 ft
Elevator
None
Air Conditioning
N
Basement
Y
Garage Type
Outside/Surface
Parking Spaces
29
Heat Type
Gas Hot Water
Water Expense
$27,500
Insurance Expense
$10,880
Taxes Expense
$10,204
Year Expenses
$2,024
Expenses Actual/Estimated
Est
Area Influences
Public Transit
Utilities
A
Water
Municipal
Lot/Bldg/Unit Code
Building
Zoning
I, R1C, R2
Seller Property Info Statement
N
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