For Sale
Real Estate
States

$315000 6- building available - presents that are innovative welcome in Niagara on the Lake, Ontario for sale

Houses
$315,000

6 device apartment house available for sale, with many major restorations (overall approx. $130K) finished:.

- Foundation totally repaired and inner weeping floor tile device mounted.
- All pavements and garden completely redone with brand name brand-new high-pressure concrete.
- Entire structure refinished with vinyl siding with 1" insulation.
- All new vinyl low-e windows and topping.
- All brand-new eavesthroughs, downspouts, and drains.
- Roof entirely changed (all existing tiles gotten rid of and switched out brand-new), consisting of all new plywood boarding.
- All new water containers.
- Structure raised to existing fire code requirement as each city fire marshal evaluation.
- New smoke alarm device and lawn sprinkler set up.
- All fencing replaced between building and nearby homes.

Furthermore, a number of remodellings were completed inside each of the devices, (ceramic tiles, flooring, paint, washrooms, illuminations, etc.).

The income specifics are as adheres to:.

Apt 1 - 3 bdrm - $480 - renter pays hydro and gas.
Suitable 2 - 2 bdrm - $600 - tenant pays hydro and gas.
Apt 3 - 3 bdrm - $600 - renter pays hydro, landlord pays gas.
Suitable 4 - 3 bdrm - $600 - occupant pays hydro and gas.
Apt 5 - 2 bdrm - $600 - landlord pays hydro, no gas (* please view note listed below).
Proper 6 - 1 bdrm - $450 - property owner pays hydro, no gas.

Total revenue: $3330 per month.

* Currently # 5 and # 6 are on our home meter yet could be divided out.

I have a setup with a person that takes care of the home for me, but it would certainly be up to you to continue that partnership or otherwise, as you please.

The monthly costs are:.

Water - $250.
Gas (for 1 device) - approx $FIFTY.
Hydro (for 2 systems) - $250-300 (regular monthly average throughout the years).
Insurance policy - $333.
Tax bills - $207.

Innovative offers, consisting of VTBs, are welcome and I am open to talking about non-standard strategies to the investment.

Additional pictures available upon demand.

Thanks,.
Peter.


Category:  Houses  |  Address:  Niagara on the Lake Ontario

Copyright © 2024 CanadianListed.com, All Rights Reserved.
Designated trademarks and brands are the property of their respective owners.