Discover this prime investment property offering a remarkable 5.7% cap rate. Featuring seven fully renovated one-bedroom units, all tenanted at or near market rent, this property is the epitome of turnkey convenience. With an impressive 8.1% cash-on-cash return in the first year, its a standout opportunity for savvy investors. This property boasts numerous capital expenditure updates, including newer windows, updated appliances, roof replacements and repairs as needed, newly installed gutters and downspouts, upgraded exterior doors, and a complete rewiring of the electrical system with updated breakers, plus much more! (id:52316)
EXP REALTY
$1,400,000
5 - 7 BROADWAY AVENUE, Welland, Ontario
12271 Sqft
Property
MLS® Number: X11973846
Address: 5 - 7 BROADWAY AVENUE
City: Welland
Utilities
Heating: Baseboard Heaters
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Property Sale History
Travel and Neighbourhood
42/100Walk Score®
Car-Dependent
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Location
