This well-maintained four-unit multi-family building in the heart of Niagara Falls offers a turnkey investment with strong in-place income. Fully tenanted at or near market rents, the property generates immediate cash flow with a 5.4% cap rate at the asking price. Each unit is separately metered for hydro, with tenants responsible for their own utilities, minimizing operating costs. Recent upgrades include a new boiler heating system installed two years ago and a flat roof just over ten years old, both contributing to reduced near-term capital expenditures. The owner has kept the building in good condition, refreshing units upon turnover to maintain quality and tenant appeal. Situated in a quiet neighbourhood, this asset combines low-maintenance operations with long-term value retention, making it an ideal opportunity for both seasoned investors and those entering the market. (id:52316)
EXP REALTY
$875,000
4553 FERGUSON STREET, Niagara Falls, Ontario
8 Bedrooms
4 Bathrooms
Property
MLS® Number: X12452765
Address: 4553 FERGUSON STREET
City: Niagara Falls
Exterior: Stucco
Utilities
Heating: Radiant Heat, Natural Gas
Parking
Parking Spaces: 4
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Property Sale History
Travel and Neighbourhood
46/100Walk Score®
Car-Dependent
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Location
