Here is your opportunity to take over a newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units! Built in 2021 by Mountainview, this building is a turn-key investment. All units are separately metered for gas and hydro with all Tenants paying for their own gas and hydro. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, own furnace, own central air conditioner, own hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, making this a 6-plex. The exterior walls in the basement are drywalled and water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer and property tax. Security camera and secured main entrance installed on the exterior of the building. Floor plans are available. (id:36058)
MLS® Number | 40544779 |
Property Type | Multi-family |
Amenities Near By | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
Community Features | Quiet Area, Community Centre, School Bus |
Equipment Type | Water Heater |
Features | Shared Driveway |
Parking Space Total | 6 |
Rental Equipment Type | Water Heater |
Bathroom Total | 4 |
Bedrooms Total | 8 |
Basement Development | Unfinished |
Basement Type | Full (unfinished) |
Constructed Date | 2021 |
Cooling Type | Central Air Conditioning |
Exterior Finish | Vinyl Siding |
Foundation Type | Poured Concrete |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Stories Total | 2 |
Size Interior | 3220 |
Utility Water | Municipal Water |
Access Type | Highway Access |
Acreage | No |
Land Amenities | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
Sewer | Municipal Sewage System |
Size Depth | 130 Ft |
Size Frontage | 45 Ft |
Size Total Text | Under 1/2 Acre |
Zoning Description | Residential |
https://www.realtor.ca/real-estate/26548425/29-afton-avenue-welland
(905) 892-2632
(905) 892-8152
www.century21today.ca
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