LOADING

29 Afton Avenue, Welland

$1,399,000

$1,399,000
8 Bedrooms
4 Bathrooms
3220 sqft

Property Details

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:40167)

  • MLS Number: 40582681
  • 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
  • Fireplace Present: No
  • Foundation Type: Poured Concrete
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Stories Total: 2
  • Size Interior: 3220
  • Type: Fourplex
  • Utility Water: Municipal Water

Request a Showing with Karl

Karl Vanderkuip

Karl Vanderkuip

905-641-1110
Karl@CallKarl.ca
VIEW PROFILE

LISTED BY:
CENTURY 21 TODAY REALTY LTD, BROKERAGE

Start typing and press Enter to search