Welland - 773 - Lincoln/Crowland
Welland - 773 - Lincoln/Crowland
Sold For$1,170,000
Listed For $1,199,900
Sold May 2023
Being Offered With A $100,000 Vtb At 6.99%. This Impressive Cashflow Investment Opportunity Is Offered At A 5.7% Cap Rate. Located In Downtown Welland, This Legal Multiplex With 7 Apartments Contains 3 Two-Bedroom And 4 One-Bedroom Units With The Majority Of The Units Renovated. Offering 6 Parking Spots And Much More. This Turn-Key Multiplex Won't Last Long. Extensive Renovations Include Roof Replacement In 2019, Most Windows And Entrance Doors Replaced, Upgraded Electricals And Fire Alarms, Major Plumbing Upgrades, Main Water Line, New Meter Upgrade, 3 New Furnaces, 2 New A/C Units, Legal Conversion Of 2 Commercial Units To Residential Units Along With Additional Renovations To The Majority Of Units. This Property Is Being Sold With 583 King St.
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