Welland - 769 - Prince Charles
Welland - 769 - Prince Charles
Sold For$710,000
Listed For $599,000
Sold Apr 2021
FANTASTIC INVESTMENT OPPORTUNITY in the heart of Welland. Can be easily converted back to single family home. LEGAL DUPLEX with top of the market rental rates. Rent revenue = $3,100/month plus utilities. Excellent cash flow with an appoximate 5% Cap Rate. UPPER UNIT: $1700/month plus utilities. 2 bedrooms, 1 bathroom. 1,050sqft of livable space. LOWER UNIT: $1400/month. Newly completely renovated 2 bedroom, 1 bathroom. Approximately 800sqft of livable space. Brand new appliances included with lower unit. Both units have new private laundry services. Each unit has separate hydro meter - water & gas is split between both units (UPPER pays 60% / LOWER pays 40%). BOTH LEASES EXPIRE OCTOBER 31ST, 2021. UPPER WILL BE VACANT NOVEMBER 1ST (Great opportunity to increase rents or take personal pos
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