905-347-2021
28
4553 FERGUSON STREET
$899,500 Sale
Listed 5 days ago
· 8
· 4.0
· 4
· 2500 - 3000
Key Facts
Key facts for 4553 FERGUSON STREET
Property Type
Apartment, Fourplex
Parking
Garage: Yes, 4 parking
MLS #
X12341036
Size
2500 - 3000 sqft
Basement
Unfinished, N/A (Unfinished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
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 5.3% 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:10452)
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Listing courtesy of: EXP REALTY
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