Address
4553 FERGUSON Street Niagara Falls, ON
Price
$ 799,900
Property Attributes
  • ID#40094688
  • TypeMulti-Family
  • CityNiagara Falls
  • AreaNiagara
  • NeighbourhoodElgin
  • Postal CodeL2E 2Y7
  • Style
  • Price$ 799,900
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2685
Listing Provided Courtesy Of:
Vito Colangelo with Royal LePage NRC Realty
Data Source:
RLP - CREA EN
Property Description

Welcome to 4553 Ferguson! This turn key 4plex has 4 2 bedroom units and is located minutes from Clifton Hill area and Great Wolf Lodge. 3/4 units currently occupied. Set your own rent for the vacant unit and continue to operate as an investment property or live in it while and collect rent on the remaining 3. Current rents are Unit 1: Vacant (Potential $1300) , Unit 2: $940 , Unit 3: $1100 , Unit 4: $1150. In the future, all units have the possibility to increase to market rent. It is also possible to increase revenue with coin operated laundry and utilizing the separate hydro meters. ***Assuming fully occupied (Approximate Gross rent of $53880 and Operating expense of $13830), the NOI is approximate $40050 which would give an approximate cap rate of 5%***

General Features

Beds 8
Parking Spaces 5

Interior Features

Bedrooms 8

Exterior Features

Lot Frontage 40.06
Jumpid 14800688

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in L2E 2Y7

Price
AVG $800K
$800K
Visits
AVG 53
52
Year Built
AVG 1942
1942
Walkscore
AVG 21
21
Data Provided by Walkscore ® not using MLS data