51 Lyons Avenue

Welland, 773 - Lincoln/Crowland

Descripción

Turn key money maker!!! Solid and meticulously maintained 5 unit building located in fabulous neighbourhood close to park, public transit & shops + quick, convenient highway access. Fully occupied w/ NOI of 54,236.62 & Cap Rate near 8% / year with great upside for future rents. ( Unit #1 ( 2 bedroom ) $1488.66 , Unit #2 ( 1 bedroom ) $750.00, Unit #3 ( 1 bedroom ) $942.58, Unit #4 ( 1 bedroom ) $1350.00, Unit #5 ( 1 bedroom ) $1383.75. Units are super clean - building has newer 40yr roof (2018), newer furnace (2021), updated cooper and ABS plumbing & electrical ( 200amp ), replacement windows (2019) & freshly painted stucco exterior. Updates within the units include; newer vinyl plank flooring, 3 have new kitchens & minor update work in the baths ( Unit #2 bath is brand new ). All units have have excellent layouts + street parking permitted. Lower level is set up for future coin op laundry.

This multiplex home located at 51 Lyons Avenue, Welland, ON L3B 1L8 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$700K. It has 6 beds, 5 bathrooms, and is 2000-2500 square feet. The property is N/A years old. 51 Lyons Avenue, Welland, ON L3B 1L8 is in Welland neighborhood 773 - Lincoln/Crowland.