8 Bedroom
4 Bathroom
3220 sq. ft
Central Air Conditioning
Forced Air
$1,400,000
Here is your opportunity to take over a newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units! Built in 2021 by Mountainview, this building is a turn-key investment. All units are separately metered for gas and hydro with all Tenants paying for their own gas and hydro. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, own furnace, own central air conditioner, own hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, making this a 6-plex. The exterior walls in the basement are drywalled and water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer and property tax. Security camera and secured main entrance installed on the exterior of the building. Floor plans are available. (id:38042)
29 Afton Avenue, Welland Property Overview
MLS® Number
|
40544779 |
Property Type
|
Multi-family |
Amenities Near By
|
Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
Community Features
|
Quiet Area, Community Centre, School Bus |
Equipment Type
|
Water Heater |
Features
|
Shared Driveway |
Parking Space Total
|
6 |
Rental Equipment Type
|
Water Heater |
29 Afton Avenue, Welland Building Features
Bathroom Total
|
4 |
Bedrooms Total
|
8 |
Basement Development
|
Unfinished |
Basement Type
|
Full (unfinished) |
Constructed Date
|
2021 |
Cooling Type
|
Central Air Conditioning |
Exterior Finish
|
Vinyl Siding |
Foundation Type
|
Poured Concrete |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
2 |
Size Interior
|
3220 |
Utility Water
|
Municipal Water |
29 Afton Avenue, Welland Land Details
Access Type
|
Highway Access |
Acreage
|
No |
Land Amenities
|
Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
Sewer
|
Municipal Sewage System |
Size Depth
|
130 Ft |
Size Frontage
|
45 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
Residential |