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$725,000
Available - For Sale
Listing ID: X12049918
Prime Investment Opportunity Fully Rented Multi-Unit in Downtown Fort Erie Welcome to 253 Jarvis Street, a fantastic investment property generating over $90,000 in annual rental income. This fully occupied multi-unit building offers a diverse mix of rental options, making it an ideal addition to any investors portfolio. The property features eight units in total: Two 2-bedroom units (one shared by three tenants, renting for $1,775)Three 1-bedroom units Three bachelor units With all-inclusive rents, tenants enjoy hassle-free living, while you benefit from consistent cash flow. The property provides ample rear parking for all residents, a valuable asset in this high-demand rental area. Located in the heart of downtown Fort Erie, this building is just a short walk from the Niagara River, the Friendship Trail, and local amenities, ensuring strong tenant appeal. If desired, there is also the possibility of a vacant unit for a new buyer. Don't miss this turnkey investment opportunity contact us today for more details! Flat roof installed in 2021 - rent roll apartment 1 (2 Bedroom) - $1400. apartment 2 (1 Bed) - $830. apartment 1A (1 bed) - $700. apartment 2A ( Bach) $775 - no rent collected (this is property manager) apartment 3A (Bach) - $600 (This will be vacant on closing - brother of owner and will be moving) apartment 4 (2 Bed) $1775 (This is a 2 bed apartment but is shared accommodations with three tenants each renting a room including the livingroom. apartment 5 (Bach) - $630. apartment 6 (1 Bed) - $1200.
Price $725,000
Taxes: $4,730
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 253 Jarvis Stre , Fort Erie, L2A 2S7, Niagara
Postal Code: L2A 2S7
Province/State: Niagara
Legal Description: LT 112 S/S JARVIS ST. PL 525 VILLAGE OF
Directions/Cross Streets: MACK ST
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 4,430
Total Area Code:  Square Feet
Area Influences: Recreation/Comm  
Approximatly Age: 100+
Business/Building Name: 253 Jarvis
Financial Statement: F
Chattels: T
Franchise: F
Maintenance: 0
Water Expense: $2038
Vacancy Allowance: 2657
Net Income Before Debt: $65166
Expenses Actual/Estimated: $Act
Sprinklers: No
Outside Storage: F
Heat Type: Gas Hot Water
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX NIAGARA REALTY LTD, BROKERAGE

253 Jarvis Stre , Fort Erie, L2A 2S7, Niagara


 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Fort Erie
Neighbourhood: 332 - Central
Style:
Lot Size: x 138.54(Feet)
Approximate Age: 100+
Tax: $4,730
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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