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$ 729,000

100 Endicott Terrace, Welland, ON, L3C 5R9

Listing ID# 30580300
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RE/MAX Collection

$ 729,000

  • 100 Endicott Terrace
    Welland, ON L3C 5R9
  • Listing ID 30580300
  • Building type: Multi-Family
  • Building Style: 2 Storey
  • Living space: 4200 sq ft
  • Status: For Sale/Active
  • Basements: Partially Finished, Full
  • Parking Type: Circular,Private Single Wide
  • Garage Type: None
  • Gas: Gas
  • Heating: Forced Air
  • Occupancy: Tenant
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Property Description

BUY THE NUMBERS! THIS NATURAL 4 PLEX FEATURES ALL 3 BEDROOM UNITS WITH FULL BASEMENTS. RENTS ARE: $826, $950, $1,150, AND $805.80 PLUS GAS AND HYDRO, FOR A TOTAL OF $44,782 PER YEAR. EXPENSES ARE WATER: $2,800, TAXES: $4931, INSURANCE $2,600 LEAVING YOU A NET RENTAL INCOME OF APPROXIMATELY $34,000 PER YEAR! THERE ARE GAS FURNACES AND CENTRAL AIR CONDITIONING AND SEPARATE HYDRO METERS IN EACH UNIT. PITCHED ROOF ABOUT 10 YEARS OLD (BUILT OVER FLAT ROOF), MOST WINDOWS HAVE BEEN REPLACED. GOOD TENANTS. NO SIGN ON PROPERTY. SHOWINGS ONLY WITH ACCEPTED OFFER. ALL UNITS IN GOOD SHAPE, MOST HAVE UPDATED KITCHENS, FLOORING AND BATHS. THIS IS A SOLID, LONG TERM INVESTMENT!




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