Property Description for 79 BURGAR STREET
Attention investors! This turnkey triplex in Welland offers exceptional income potential with market rents and minimal vacancy risk. The property features three large, well-maintained units, each with private entrances and separate hydro meters for tenant convenience. Grossing $5,266/month ($63,192 yearly) and a Cap Rate of 7.45%. Additional income from coin-operated laundry. Features Include an excellent location close to schools, shopping, and transit. Ample parking. Separate hydro meters for all units. Updated interiors and well-maintained exterior. Coach house offers unique appeal with garage space. This property is a fantastic addition to any real estate portfolio with solid cash flow and future growth potential. (id:38686)
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Property Details
Property Tax
: $3,860 (2024)MLS® #
: X12267854
Home Features
Property Type
: MultiFamily
Interior Features
Heating
: Baseboard heaters, Natural gasBasement
: Unfinished, N/A
Utilities
Sewer
: Sanitary sewer
Other
Parking Features
: Detached Garage, GarageExterior Features
: Stucco, Vinyl siding
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