$500,000
$574,900
13.0%For more information regarding the value of a property, please contact us for a free consultation.
48-50 Courtwright ST Fort Erie, ON L2A 2R7
7 Beds
4 Baths
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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