256 Lincoln St
Welland, L3B 4N1
FOR SALE
$1,075,000
Terminated
$0
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9
BEDROOMS5
BATHROOMS5
KITCHENS20
ROOMSX5959252
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-05-08 | 2023-06-01 | 24 | $1,075,000 | - | Terminated |
| 2022-06-10 | 2023-02-08 | 244 | $1,099,000 | - | Expired |
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Property Description
ATTENTION INVESTORS, RARE OPPORTUNITY! Set your own rents. Potential to increase the total gross rent to $99,756 per year with a potential Cap rate of 7.5%. 3 Units provided with vacant possession (3 - 2 Bedroom Units). Incredible Investment Opportunity To Own Or Live In One Unit And Rent The Other Four Units With This Legal 5-Plex! Separately Metered Units. Recent Renovations: Apt 5 Renovated (2019), Stucco (2013), Roof (2014), Windows & Waterproofing (2018), Owned x2 Domestic Water Heater (2015), Security Cameras (2019). No Rental Contracts, All Equipment Is Owned. Gross Rents $66,476/Year Plus $2,400.00 Laundry. Cap Rate of 4.8%. Full List Of Financials Available. Situated In A Mature Neighbourhood Within Walking Distance To Downtown, Parks, Several Restaurants & Shops, Schools, Library and Transit. Square Footage Is Approximate.
Property Features
Library, Park, Place Of Worship, Public Transit, School, School Bus Route
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Property Details
Street
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
53' x 100'
Acreage
< .50
Fronting
North
Taxes
$3,177 (2022)
Basement
Full, Part Fin
Exterior
Stucco/Plaster
Heat Type
Radiant
Heat Source
Other
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
7
Driveway
Private
Garage Type
Detached
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