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$2,400,000
Status: For Sale
This 9-unit multifamily building at 4424 Simcoe Street, Niagara Falls, has undergone significant improvements, positioning it as a prime investment in a sought-after location. The building features spacious two-bedroom units, providing comfortable living spaces that appeal to a wide range of tenants. Recent updates have enhanced the building's appeal and durability, including refreshed interiors and well-maintained common areas. Located at the corner of Simcoe Street and Palmer Avenue, residents enjoy easy access to the city's attractions and essential amenities. With a strong projected net operating income (NOI) of $137,465 and competitive market rental rates, this asset offers stable returns with room for future growth. Fully serviced units and 15 surface parking stalls complete the offering, making this property and excellent addition to any investment portfolio.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9859990 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :31 Oct, 2024 (4 Days ago) |
| Source | :TRREB |
| Area | :Niagara |
|---|---|
| Postal Code | :
L2E 1T8
|
| Price | : $2,400,000 |
|---|---|
| Property Taxes | :$20292.00 |
| Tax Year | :2024 |
|---|
| Cross Street | :Simcoe St / Palmer Ave |
|---|
31 Oct, 2024
TREB #X9859990
Available
$2400000.0
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