Fort Erie, ON L2A 2R7,48-50 Courtwright ST
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Fort Erie, ON L2A 2R7,48-50 Courtwright ST
Fort Erie, ON L2A 2R7,48-50 Courtwright ST
Fort Erie, ON L2A 2R7,48-50 Courtwright ST
Fort Erie, ON L2A 2R7,48-50 Courtwright ST

$500,000

Est. payment /mo

$574,900

13.0%
Est.Price: ?

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48-50 Courtwright ST Fort Erie, ON L2A 2R7

7 Beds

4 Baths

SOLD DATE : 04/15/2024

Key Details

Sold Price $500,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 3500-5000

MLS Listing ID X8063718

Sold Date 04/15/24

Style Other

Bedrooms 7

Annual Tax Amount $2,830

Tax Year 2023

Property Sub-Type Fourplex

Property Description

Attention Investors, seize a unique opportunity to transform this diamond in the rough! Presenting a 4-plex with an enticing 7.12% CAP Rate, this property, though currently in need of some TLC, has incredible potential. Housing a mix of one-bedroom and two-bedroom units, all occupied with reliable tenants, the annual income of $51,600 and Net Operating Income of $40,950 speak to its underlying value. The property's strategic location near major highways and the US border positions it as a promising investment. Turn this hidden gem into a lucrative venture. With the potential to enhance its appeal and increase rental income, this property offers a unique canvas for savvy investors ready to unlock its true potential. Act now and embark on the journey of transforming this property into a lucrative investment opportunity!

Location

Province ON

County Niagara

Area Niagara

Rooms

Family Room No

Basement Full, Unfinished

Kitchen 4

Interior

Cooling None

Exterior

Parking Features Private

Pool None

Lot Frontage 76.83

Lot Depth 134.7

Total Parking Spaces 4

Building

Building Age 51-99

Others

ParcelsYN No

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Listed by KELLER WILLIAMS COMPLETE REALTY
Michael Lau

Michael Lau

Agent | License ID: 4784577

+1(416) 700-0286

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