256 Lincoln Street Welland, Ontario L3B 4N1
$1,029,900
ATTENTION INVESTORS, RARE OPPORTUNITY! Incredible Investment Opportunity To Own Or Live In One Unit And Rent The Other Four Units With This LEGAL 5-PLEX! Seperately Metered Utilities. Recent Renos: Unit 5 (2019), Stucco (2011), Roof (2014), Windows & Waterproofing (2018), Owned x2 Water Heater (2015). No Rental Contracts, All Equipment Is Owned. NOI $14,395.81, Gross Rents $63,984.00/Year Plus $2400 Laundry, With 1 Unit Vacant July 2022. Cap 4.85%. Full List Of Financials Available. Situated In A Mature Neighbourhood Within Walking Distance To Downtown, Parks, Several Restaurants & Shops, Schools, Hospital/Medical, Library And Transit. Square Footage Is Approximate. (id:47723)
Property Details
| MLS® Number | 40276447 |
| Property Type | Multi-family |
| Amenities Near By | Place Of Worship, Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Equipment Type | None |
| Features | Southern Exposure, Laundry- Coin Operated |
| Parking Space Total | 9 |
| Rental Equipment Type | None |
| Structure | Shed |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 9 |
| Appliances | Microwave Built-in |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Constructed Date | 1910 |
| Construction Material | Concrete Block, Concrete Walls |
| Construction Style Attachment | Detached |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Concrete, Stucco |
| Fire Protection | Smoke Detectors |
| Stories Total | 2 |
| Size Interior | 3028 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access, Highway Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 100 Ft |
| Size Frontage | 53 Ft |
| Size Irregular | 0.122 |
| Size Total | 0.122 Ac|under 1/2 Acre |
| Size Total Text | 0.122 Ac|under 1/2 Acre |
| Zoning Description | Rl2 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24525856/256-lincoln-street-welland
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June 10 2022 05:59:17
Niagara Association of REALTORS®
RE/MAX Realty Enterprises Inc., Brokerage