4248 Morrison Street Morrison (Niagara Falls, Ontario, CA - L2E 2A9) Built

$1,450,000

KELLER WILLIAMS COMPLETE NIAGARA REALTY

Marta Andre - Real Estate Broker Marta Andre - Real Estate Broker 905-688-6688 (Office) 905-324-8001 (Cell) 905-688-6689 (Fax) Request More Info

  • Type: Residential
  • Style: Single Story
  • Development Level: Built
  • MLS ® #: 40185399

Description

A rare opportunity to own a cash flow positive rental property in Niagara Falls. This building is zoned R3 and is a legal triplex with 3 separate self-contained units. The entire building has been re-built, all with permits and inspections completed. The only component remaining from the original building are the bricks. Right from exterior weeping tile, to the spray foam insulation to the new roof, everything has been redone. The supplements contain the comprehensive list of professionally completed renovations. With an estimated 4.6% cap rate as a ‘regular rental’, there is a real opportunity right now. With the expected changes coming to the River Road area, short term rentals, BnB or AirBnB could shortly boost the returns on this building dramatically! Walking distance to the Falls, to Clifton Hill, and to the Casinos. Be sure to review the online brochure, and let’s talk about how this might be the right opportunity for you.

Attachments

Brokered and Advertised by : Royal LePage NRC Realty KRDS Brokerage
P2#480055365
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