29 Afton Avenue, 773 - Lincoln/Crowland in Welland, ON
This is a Multi-family Listing.
Out of Service Area ~the 773 - Lincoln/Crowland area~
29 Afton Avenue, 773 - Lincoln/Crowland in Welland
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:6289)
$1,399,000
29 Afton Avenue, Welland, Ontario
Essential Information
- MLS® #40582681
- Price$1,399,000
- Price per Sqft434
- Bedrooms8
- Bathrooms4.00
- Square Footage3,220
- Acres0.00
- Year Built2021
- TypeMulti-family
- Sub-TypeFreehold
- Days on Website13
Amenities
- AmenitiesGolf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
- FeaturesShared Driveway
- Parking Spaces6
Exterior
- ExteriorVinyl siding
- FoundationPoured Concrete
Community Information
- Address29 Afton Avenue
- Subdivision773 - Lincoln/Crowland
- CityWelland
- Postal CodeL3B1V6
Interior
- HeatingNatural gas Forced air
- CoolingCentral air conditioning
- # of Stories2
Listing Details
- Listing OfficeCENTURY 21 TODAY REALTY LTD, BROKERAGE