48-50 Courtwright Street Fort Erie, Ontario L2A 2R7
$749,900
Attention Investors !! This 4 Plex has three (3)- 2 bedroom units and one (1) - 1 bedroom unit. Currently there is a vacant 2 bedroom unit that needs work but would allow the new owner to collect market rent and bring current gross rent up. This multi-Family building has the potential to gross over 70k a yr when rents are brought up to market value. Tenants pay heat and hydro, water is covered by owner $2820. Currently there are 3 amazing tenants in the building. The lower 1 bedroom unit is open-concept and has newer kitchen cabinets. The upper unit is rented and has new flooring. The right side of the 4-plex consists of 2 more residential units. The large lower unit is rented and has 2 nice sized bedrooms, a den, large eat-in kitchen with new cabinets and a very large living room. The upper unit is vacant and ready for you to update it. One street over is Jarvis and the city is currently working on updates and improvements. The Niagara River is located at the end of the street (id:40227)
Property Details
| MLS® Number | 40341921 |
| Property Type | Multi-family |
| Equipment Type | Water Heater |
| Features | Crushed Stone Driveway |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 7 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | None |
| Exterior Finish | Metal, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3552 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| None |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 135 Ft |
| Size Frontage | 77 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C2a-419 |
https://www.realtor.ca/real-estate/25013802/48-50-courtwright-street-fort-erie
Interested?
Contact us for more information
Joshua Mackenzie
Salesperson
joshuamackenzie@kellerwilliamsrealty.ca
87 Lake Street, Unit 113
St. Catharines, Ontario L2R 5X5
(905) 688-6688
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October 27 2022 11:21:35
Niagara Association of REALTORS®
Keller Williams Complete Niagara Realty, Brokerage