Overview
|Description
Legal five-plex featuring seven well-appointed apartment units, each offering 2 bedrooms and 2 bathrooms, ideally located in downtown Thorold. This fully tenanted property generates strong and stable income with an approximate 6% cap rate. An excellent opportunity for both investors and owner-occupiers seeking to offset living costs with rental income. The building has been updated with renovated units and exterior improvements, enhancing both tenant appeal and long-term value. No rental items or contractors are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor Take-Back (VTB) financing may be available for qualified buyers.
Additional Details
- Roof: Asphalt Shingle
- Sewer: Sewer
- Cooling: Other
- County: Niagara
- Property Type: Residential
- Pool: None
- Parking: Available
- Architectural Style: 2-Storey
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