$ 550,000
-
$550,000
Price -
5
Bed -
3
Bath -
1,100
SqFt
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About the Listing 322304 -
INCREDIBLE INVESTMENT OPPORTUNITY! This updated triplex is the perfect cash-flow property to add to your portfolio. Once fully tenanted, it will generate over $50,000 in annual rental income! With projected rents of $1,800 for the main unit, $1,700 for the upper unit, and $1,000 for the lower unit, the total rental income reaches $54,000 per year. At $550,000 with operating expenses of just $10,000 per year, this triplex boasts an impressive 8.00% CAP rate - a fantastic opportunity for investors seeking strong returns! Three Separate Units - Upper Unit (Rented): Spacious 3-bedroom + den, full kitchen, 4-piece bathroom, living room, and private balcony. Main Floor Unit: Bright 2-bedroom layout, full kitchen, living room, and 4-piece bathroom. Lower Unit: Open-concept studio with a full kitchen, living area, and dining space. Separate Entrances & Hydro Meters for each unit, 1 gas Meter. Shared Laundry for tenant convenience. Double-Wide Driveway providing ample parking. Whether you're an investor looking for solid cash flow or an owner-occupant seeking mortgage assistance, this high-potential property is a must-see. Don't miss out schedule a viewing today!
Listing Highlights for 12 Nickel St
Status
Active
Days on Site
162
Property Type
Multi-Family
MLS ®
X12053122
Year Built
Total Square Footage
1,100
Lot/Acreage
2970
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Separate Entrance
- Other:
- Water:
Exterior Details
- Garage Capacity: 2 car
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: Private Double
Financial Details
- Tax Amount: $2,059
- Taxes w/Assessments: N/A
- Tax/Property ID: 641640030
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
12 Nickel St Port Colborne, ON L3K 1A9
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