$1,699,000
Available - For Sale
Listing ID: X13021150
4391 Jackson Street , Lincoln, L3J 0M8, Niagara
| A clean 11-unit building selling at aprox. a 7.1% cap rate based on real numbers, not projections. 10x2 Bedroom, 1x3 Bedroom. Tenants pay Hydro. Boiler roughly 7 years old. Turn key with No heavy lifting, no major repositioning needed to enjoy current phenomenal cashflow but if you want to work the asset and force appreciation there is tremendous upside to market rents. Tenant profile is both diverse and stable, comprising working families, skilled trades professionals, retirees, and individuals transitioning from higher-cost urban markets. Solid construction, key systems addressed, clean environmental, and a strong unit mix. Expenses are well-controlled at a 37.1% income to expense ratio, with potential to further optimize expenses. A stabilized, income-producing asset delivering strong in-place cash flow, with defined pathways to further drive value through operational improvements. Tours will be conducted Sunday April 26th from 11am-1pm. This is not an open house attendance must be confirmed |
| Price | $1,699,000 |
| Taxes: | $25518.00 |
| Tax Type: | N/A |
| Occupancy: | Tenant |
| Address: | 4391 Jackson Street , Lincoln, L3J 0M8, Niagara |
| Postal Code: | L3J 0M8 |
| Province/State: | Niagara |
| Directions/Cross Streets: | John/Ontario st |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 13767.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Recreation/Comm |
| Business/Building Name: | 11 Unit Apartment buiding |
| Water Expense: | $9464 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| MYSAK REALTY INC. |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Lincoln |
| Neighbourhood: | 982 - Beamsville |
| Tax: | $25,518 |
| Fireplace: | N |
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