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51 Lyons AVE Welland, ON L3B 1L8
6 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12539904
Style 2-Storey
Bedrooms 6
Annual Tax Amount $3,055
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Turn key money maker!!! Solid and meticulously maintained 5 unit building located in fabulous neighbourhood close to park, public transit & shops + quick, convenient highway access. Fully occupied w/ NOI of 54,236.62 & Cap Rate near 8% / year with great upside for future rents. ( Unit #1 ( 2 bedroom ) $1488.66 , Unit #2 ( 1 bedroom ) $750.00, Unit #3 ( 1 bedroom ) $942.58, Unit #4 ( 1 bedroom ) $1350.00, Unit #5 ( 1 bedroom ) $1383.75. Units are super clean - building has newer 40yr roof (2018), newer furnace (2021), updated cooper and ABS plumbing & electrical ( 200amp ), replacement windows (2019) & freshly painted stucco exterior. Updates within the units include; newer vinyl plank flooring, 3 have new kitchens & minor update work in the baths ( Unit #2 bath is brand new ). All units have have excellent layouts + street parking permitted. Lower level is set up for future coin op laundry.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Apartment, Partially Finished, Separate Entrance, Walk-Up
Kitchen 5
Interior
Interior Features Water Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 45.11
Lot Depth 100.0
Total Parking Spaces 3
Building
Foundation Concrete Block
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
