29 Afton Avenue, Welland
29 Afton Avenue, Welland
×
25 Photos
- Bedrooms: 8
- Bathrooms: 4
- Living area: 3220 sqft
- MLS®: 40582681
- Type: Commercial
- Added: 7 days ago
Property Details
Here is your opportunity to take over a newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units! Built in 2021 by Mountainview, this building is a turn-key investment. All units are separately metered for gas and hydro with all Tenants paying for their own gas and hydro. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, own furnace, own central air conditioner, own hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, making this a 6-plex. The exterior walls in the basement are drywalled and water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer and property tax. Security camera and secured main entrance installed on the exterior of the building. Floor plans are available. (id:1945)
Property Information
- Sewer: Municipal sewage system
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas
- List AOR: Niagara
- Stories: 2
- Basement: Unfinished, Full
- Year Built: 2021
- Directions: Lincoln St, South on Afton Ave.
- Living Area: 3220
- Lot Features: Shared Driveway
- Photos Count: 25
- Water Source: Municipal water
- Parking Total: 6
- Bedrooms Total: 8
- Structure Type: Fourplex
- Common Interest: Freehold
- Subdivision Name: 773 - Lincoln/Crowland
- Tax Annual Amount: 1937.32
- Exterior Features: Vinyl siding
- Community Features: Quiet Area, School Bus, Community Centre
- Foundation Details: Poured Concrete
- Zoning Description: Residential
- Number Of Units Total: 6
This listing content provided by REALTOR.ca has
been licensed by REALTOR® members of The Canadian Real Estate Association |
---|
Nearby Places
Similar Commercial listings Stat in Welland