5 - 7 Broadway Ave
Welland, L3C5L2
For Sale
$1,400,000

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Apartment
CATEGORY12,271 Sq Ft
TOTAL AREAX11973846
MLSIDContact Us
Property Description
Discover this prime investment property offering a remarkable 5.7% cap rate. Featuring seven fully renovated one-bedroom units, all tenanted at or near market rent, this property is the epitome of turnkey convenience. With an impressive 8.1% cash-on-cash return in the first year, its a standout opportunity for savvy investors. This property boasts numerous capital expenditure updates, including newer windows, updated appliances, roof replacements and repairs as needed, newly installed gutters and downspouts, upgraded exterior doors, and a complete rewiring of the electrical system with updated breakers, plus much more!
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Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
RL2, NC, CC2
Total Area
12,271 Sq Ft
Lot Size
45' x 181'
Taxes
$12,363 (2024)
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Listing contracted with Exp Realty
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