ON > Niagara Falls > 212 - Morrison
Niagara Falls, ON L2E1J9,4933 JEPSON Street
Niagara Falls, ON L2E1J9,4933 JEPSON Street
Niagara Falls, ON L2E1J9,4933 JEPSON Street
Niagara Falls, ON L2E1J9,4933 JEPSON Street
Niagara Falls, ON L2E1J9,4933 JEPSON Street
Niagara Falls, ON L2E1J9,4933 JEPSON Street
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Tia Williams

Tia Williams

REAL BROKER

+1(403) 383-6809
$ 999,900
Est. payment | /mo

5 Beds

5 Baths

2,314 SqFt

Save
$ 999,900
Est. payment | /mo
Save

5 Beds

5 Baths

2,314 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,314 sqft

Price per Sqft $432

Subdivision 212 - Morrison

MLS® Listing ID 40694944

Bedrooms 5

Originating Board Cornerstone - Hamilton-Burlington

Year Built 1920

Lot Size 4,573 Sqft

Acres 4573.8

Property Sub-Type Freehold

Property Description

Legal 5-Unit Multiplex in Prime Niagara Falls Location – Exceptional investment opportunity in the heart of Niagara Falls. This legal five-unit multiplex is fully tenanted with five A+ tenants, offering stable rental income and hassle-free management. All five units are above grade, providing bright and spacious living spaces that attract quality tenants. The property consists of three one-bedroom units, one studio unit, and one two-bedroom unit, catering to a diverse range of renters. Financials have been carefully accounted for, with expenses including a 5% vacancy rate and a 5% maintenance cost, ensuring accurate and realistic projections. Additional revenue is generated from Coinamatic laundry, which is fully equipped and operates on a set schedule for tenants' convenience. This multiplex is fully fire compliant, featuring a steel fire escape for added safety. The building has been professionally managed and well maintained, ensuring smooth operations with minimal expenses. Tenants benefit from inclusive utilities, making this an attractive rental option with strong occupancy rates. Driveway parking is available for tenants with vehicles, adding further convenience and value to the property. Located in a high-demand area, the property is within close proximity to public transit, shopping, dining, entertainment, and major Niagara Falls attractions. With legal status, strong income, low vacancy, and minimal maintenance requirements, this is an outstanding addition to any real estate portfolio. Don't miss this rare opportunity. (id:24570)

Location

Province ON

Interior

Heating Radiant heat

Cooling None

Exterior

Parking Features No

Community Features Quiet Area, Community Centre, School Bus

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 2.5

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by RE/MAX Escarpment Golfi Realty Inc.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 383-6809

tiawilliamsrealty@gmail.com

1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada

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4933 JEPSON Street