A Rare Twin Semi Detached 4-Plex with City Rental . Permits which are transferrable! 34River St.-upper unit$1600./mo. 1030SqFt 3Bedroom1Bath. 34River St.-lower unit $665./mo. 600SqFt 1-Bedroom1Bath. 34River St-office unit $ 50./mo. 32River St-UpperUnit.$1300./mo. 1030SqFt 3Bedroom1Bath. 32River St.-Lower Unit-$1400./mo. 1030Sq Ft. 3-Bedroom 1Bath. TOTAL $5015/mo .....$60,180.00 Gross Income. Operating Costs: Property Taxes: $5765.00('25). WaterBill (owner)$2576.50('24). Insurance : $3199.02 ('24). Maintenance. $2450.00.('24). Total.Operating Costs : $13,990.52. Net Operating Income $46,189.48.approx. Cap Rate: 46,189.48/820,000=0.0563 or 5.6%. Tenants Pay their own Hydro and Gas. Owner pays for Water. All leases are Month to Month. All separately metered. The only unit that has gas is 32 Lower Unit.The other units have base board heaters. Please note there are income arrears for $10,000 unit 34 Upper due to some family situations. They will be repaying a portion back each month until paid in full. Call agent for updates. ***NEW ROOF 2024*****NEW FRONT PORCH 2021****32 LOWER UNIT NEW FURNACE INSTALLED 2015****NEW DECK PATIO 2019****ALL NEW WATER TANKS 5 YEARS AGO OWNED. NEW Floor plus Apartment facelifts by unit and date. 32 Upper Renovated 2017. 32 Lower Renovated 2020. Upper........2019. Lower Renovated 2019. Office Unit......2015. Building is Only 30 years old. Property located in a scenic Village Setting! Close to Brock University 7 min. and Niagara College 14 min. Very Cose to the Welland Canal's twinned flight locks where ships climb the mountain!! Great tourist attraction. Approx. 3800 Sq Ft of Total Living Space !!!!! (id:63879)
| MLS® Number | X12565456 |
| Property Type | Multi-family |
| Community Name | 561 - Port Robinson |
| Amenities Near By | Golf Nearby, Park, Public Transit, Schools |
| Features | Wooded Area |
| Parking Space Total | 2 |
| Structure | Deck, Patio(s), Porch, Shed |
| View Type | River View |
| Bathroom Total | 5 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Age | 16 To 30 Years |
| Amenities | Separate Electricity Meters |
| Architectural Style | Raised Bungalow |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Walk Out, Apartment In Basement |
| Basement Type | N/a, N/a (finished), N/a |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air, Not Known |
| Stories Total | 1 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Land Amenities | Golf Nearby, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 173 Ft ,6 In |
| Size Frontage | 55 Ft |
| Size Irregular | 55 X 173.5 Ft |
| Size Total Text | 55 X 173.5 Ft|under 1/2 Acre |
| Surface Water | River/stream |
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
