Welcome to 4758 Second Avenue - a well-maintained legal non-conforming triplex ideally positioned in the heart of Niagara Falls, offering an excellent opportunity for first-time buyers and investors seeking reliable income in a high-demand location.The property features two spacious two-bedroom units and one bachelor unit, providing flexible living and rental options. Live in one unit while the others help offset your mortgage, or fully lease the property for steady cash flow. Key upgrades include two separate hydro meters, a NEW furnace, and NEW central air, delivering improved efficiency, reduced operating costs, and long-term peace of mind.Located minutes from the Tourist District, casinos, GO Train, Niagara University, transit, shopping, and major employment hubs, this area continues to see strong rental demand. Niagara Falls has also been highlighted by the Province as part of its long-term vision to evolve into the "Las Vegas of the North," with significant planned investments in tourism, infrastructure, and entertainment - further strengthening long-term rental and appreciation potential.With projected gross rents of approximately $46,800 per year and an estimated net income of $37,376, this property delivers solid cash flow at an accessible price point. Updated mechanicals, separate meters, and a proven rental layout make this a smart acquisition for those looking to build wealth through real estate.A compelling income-producing opportunity in one of Niagara's most active and evolving rental markets. (id:51158)
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| MLS® Number | X12683850 |
| Property Type | Multi-family |
| Community Name | 211 - Cherrywood |
| Amenities Near By | Public Transit, Place Of Worship, Schools, Park |
| Community Features | School Bus |
| Equipment Type | Water Heater |
| Features | Carpet Free |
| Parking Space Total | 2 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Meter, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Features | Separate Entrance |
| Basement Type | N/a, N/a (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Land Amenities | Public Transit, Place Of Worship, Schools, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 150 Ft |
| Size Frontage | 29 Ft ,7 In |
| Size Irregular | 29.6 X 150 Ft |
| Size Total Text | 29.6 X 150 Ft|under 1/2 Acre |
| Zoning Description | R2 |
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