Excellent investment opportunity in a well-located multi-residential property along Portage Rd in Niagara Falls. This income-producing asset features six residential units with stable tenancies and strong rental demand in a convenient and accessible area.The property generates an annual gross income of approximately $86,000, offering solid cash flow with further upside potential.Ideally located near major routes including the QEW and Highway 420, the property provides easy access to amenities, public transit, schools, and shopping. The surrounding area continues to experience steady rental demand, making this an excellent addition to any investment portfolio.With in-place income and potential for future rent growth, this property offers both stability and long-term appreciation in the growing Niagara Falls market. (id:51158)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12941620 |
| Property Type | Multi-family |
| Community Name | 211 - Cherrywood |
| Equipment Type | Water Heater |
| Parking Space Total | 8 |
| Rental Equipment Type | Water Heater |
| Age | 51 To 99 Years |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Size Exterior | 3878 Sqft |
| Size Interior | 3,878 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 165 Ft ,10 In |
| Size Frontage | 162 Ft ,8 In |
| Size Irregular | Bldg=162.69 X 165.87 Ft |
| Size Total Text | Bldg=162.69 X 165.87 Ft |
| Zoning Description | R5a |
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