22 & 24 RIVER STREET
Thorold (Port Robinson), Ontario
MLS® X13002648
$999,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13002648
- Bedrooms
- 16
- Bathrooms
- 9
- Year built
- —
1 / 51Listing description
FINAL REDUCTION VENDOR MUST SELL!! 9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/1125000= 6. 4% currently.
Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/1,125,000=12. 2% by Increasing the rents to market Rent Prices. Rents have been low in the building due to long standing tenants and a very generous owner.
Please compare rental rates in Thorold Proper compared to the historic hamlet of Port Robinson where the building is situated demanding greater prices because of low density (no competition) and the serene natural beauty sitting perched upon the East bank of the Welland Canal with a view of the ships passing the property directly in front. The Owner is willing to Hold a First Mortgage for $600,000 for 2 years at 4. 5% Won't Last Long!!
Property summary
- MLS® number
- X13002648
- Property type
- Multi-family
- Building type
- Other
- Land size
- 89.4 x 159.7 FT
- Annual property taxes
- $9,463.00
- Parking
- 9 spaces · No Garage
- Days on market
- 154 days
Features & details
- Heating
- Baseboard heaters, Forced air, Electric
- Cooling
- Window air conditioner
- Basement
- Apartment in basement, N/A
- Appliances
- Water meter
- Exterior features
- Concrete, Vinyl siding
- Lot features
- Conservation/green belt, Sump Pump
What would this home cost you?
Based on the $999,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX SUCCESS REALTY, MISSISSAUGA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.