256 Lincoln Street Welland, Ontario L3B 4N1
Interested?
Contact us for more information
$1,075,000
ATTENTION INVESTORS, RARE OPPORTUNITY! Set your own rents. Potential to increase the total gross rent to $90,000 per year with a potential Cap rate of 6.5%. Two Units provided with vacant possession (2 - 2 Bedroom Units). Incredible Investment Opportunity To Own Or Live In One Unit And Rent The Other Four Units With This Legal 5-Plex! Separately Metered Units. Recent Renovations: Apt 5 Renovated (2019), Stucco (2013), Roof (2014), Windows & Waterproofing (2018), Owned x2 Domestic Water Heater (2015), Security Cameras (2019). No Rental Contracts, All Equipment Is Owned. Gross Rents $66,476/Year Plus $2,400.00 Laundry. Cap Rate of 4.8%. Full List Of Financials Available. Situated In A Mature Neighbourhood Within Walking Distance To Downtown, Parks, Several Restaurants & Shops, Schools, Library and Transit. Square Footage Is Approximate. (id:48305)
Property Details
| MLS® Number | 40416197 |
| Property Type | Multi-family |
| Amenities Near By | Place Of Worship, Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Equipment Type | None |
| Features | Southern Exposure, Laundry- Coin Operated |
| Parking Space Total | 9 |
| Rental Equipment Type | None |
| Structure | Shed |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 9 |
| Appliances | Microwave Built-in |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Constructed Date | 1910 |
| Construction Material | Concrete Block, Concrete Walls |
| Construction Style Attachment | Detached |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Concrete, Stucco |
| Fire Protection | Smoke Detectors |
| Stories Total | 2 |
| Size Interior | 3028 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access, Highway Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 100 Ft |
| Size Frontage | 53 Ft |
| Size Irregular | 0.122 |
| Size Total | 0.122 Ac|under 1/2 Acre |
| Size Total Text | 0.122 Ac|under 1/2 Acre |
| Zoning Description | Rl2 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25559531/256-lincoln-street-welland
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 27 2023 04:22:25
Niagara Association of REALTORS®
RE/MAX Realty Enterprises Inc., Brokerage