Status: For sale
Address: 249-253 Church Street, St. Catharines, L2R3E8
Lot Size: 54' x 64'
An instant money maker! This fully rented, profitable four-plex with additional retail storefront is professionally maintained and located in an up and coming neighbourhood. It offers two upper level two bedroom apartments both having good long term tenants (4 years) and both these units collect $850 monthly (all inclusive) respectively. There are two additional furnished two bedroom units on the main level which are each currently rented to students for $500 (all inclusive) per bedroom, which equals to $2000 (all inclusive) monthly rents for the four bedrooms. There is also a storefront commercial space which is currently being used as a Barber Shop (will be vacant as of April 7, 2018) and currently receiving $900 (all inclusive) in monthly rent. Gross yearly rental income is $47,600.00 (based on leases for student rentals- one unit if continued as a student rental would be vacant for 3 months and the other for 4 months) but has a potential of $55,200 if main floor units are not used for student rentals. Both floors of the building have impressive 10 foot ceilings and there is also convenient coin operated washer and dryer for tenants located in the rear of the building which produces $40 to $60 of additional monthly income. (id:18592)
Courtesy of MCGARR REALTY CORP, BROKERAGE
Heating Fuel: N/A
Heating Type: Forced air
Cooling: Air Conditioned
Water: Municipal water
Floor Space: 4368
Lot Size: 54' x 64'
Basement Type: N/A
Basement Development: N/A
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