TerminatedMultiplex

4248 Morrison Street

Name: 4248 Morrison Street - Terminated Jan 2022
Brand: ROYAL LEPAGE NRC REALTY, BROKERAGE
Price: 1450000 CAD
Availability: OutOfStock

Niagara Falls - 210 - Downtown

4248 Morrison Street

Niagara Falls - 210 - Downtown

Listed For $1,450,000

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Terminated Jan 2022

6 + 3 Bedrooms Bedrooms

3 Bathrooms Bathrooms

0 Garage Garage

Description

Own A Cash Flow Positive Rental Property In Niagara Falls. Building Is Zoned R3 & Legal Triplex W/ 3 Separate Self-Contained Units. Entire Building Has Been Re-Built, W/ Permits & Inspections Completed. Only Component Remaining From Original Building Are The Bricks. From Exterior Weeping Tile, To Spray Foam Insulation To New Roof, Everything Has Been Redone. With Estimated 4.6% Cap Rate As 'Regular Rental', There Is Real Opportunity Right Now.

Key facts for 4248 Morrison Street

Tax$3,848.87 / 2021

Property TypeMultiplex, 2-Storey

Lot Size150 x 50 Feet

Size2000-2500 ft²

ParkingNone Spaces, Total 6 Spaces

Parking FeaturesPrivate

BasementFinished, Full

Listing #X5427533

Days on Market--

Listing BrokerageROYAL LEPAGE NRC REALTY, BROKERAGE

Data SourcePROPTX

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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Home Price

Amortization

Interest Rate

Down Payment

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Cash Flow Analysis

Est. Mortgage Payment

$7,081/mo

Monthly Expenses & Income

Property Tax

Maint. / Fees

Est. Rental Income

$1.5% net yield

Net Monthly Cash Flow-$5,101

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(866) 511-7171

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