4248 Morrison St
Niagara Falls, L2E 2A9
FOR SALE
$1,450,000
Terminated
$0
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6 + 3
BEDROOMS3
BATHROOMS2 + 1
KITCHENS12 + 6
ROOMSX5427533
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2021-11-09 | 2022-01-27 | 79 | $1,450,000 | - | Terminated |
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Property Description
Own A Cash Flow Positive Rental Property In Niagara Falls. Building Is Zoned R3 & Legal Triplex With 3 Separate Self-Contained Units. Entire Building Has Been Re-Built, With Permits & Inspections Completed. Only Component Remaining From Original Building Are The Bricks. From Exterior Weeping Tile, To Spray Foam Insulation To New Roof, Everything Has Been Redone. With Estimated 4.6% Cap Rate As 'Regular Rental', There Is Real Opportunity Right Now.
Extras
With Expected Changes Coming To River Rd Area, Short Term Rentals, Bnb Or Airbnb Could Shortly Boost Returns On This Building Dramatically! Walking Distance To The Falls, Clifton Hill, & Casinos.
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