48-50 Courtwright St Fort Erie, Ontario L2A 2R7
$574,900
Attention Investors, seize a unique opportunity to transform this diamond in the rough! Presenting a 4-plex with an enticing 7.12% CAP Rate, this property, though currently in need of some TLC, has incredible potential. Housing a mix of one-bedroom and two-bedroom units, all occupied with reliable tenants, the annual income of $51,600 and Net Operating Income of $40,950 speak to its underlying value. The property's strategic location near major highways and the US border positions it as a promising investment. Turn this hidden gem into a lucrative venture. With the potential to enhance its appeal and increase rental income, this property offers a unique canvas for savvy investors ready to unlock its true potential. Act now and embark on the journey of transforming this property into a lucrative investment opportunity! (id:53047)
Property Details
| MLS® Number | X8063718 |
| Property Type | Single Family |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ExteriorFinish | Vinyl Siding |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| Type | Fourplex |
Land
| Acreage | No |
| SizeIrregular | 76.83 X 134.7 Ft |
| SizeTotalText | 76.83 X 134.7 Ft |
https://www.realtor.ca/real-estate/26508710/48-50-courtwright-st-fort-erie
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February 13 2024 04:28:18
Toronto Real Estate Board
Keller Williams Complete Realty