4248### Morrison St , Niagara Falls

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Own A Cash Flow Positive Rental Property In Niagara Falls. Building Is Zoned R3 & Legal Triplex W/ 3 Separate Self-Contained Units. Entire Building Has Been Re-Built, W/ 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.

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.

Property Details

Property Type Multiplex
Property Style 2-Storey
Square Feet 2000-2500
Property Tax $3,849
Maintenance N/A
Days On Our Website 30
Basement Finished - Full
Kitchens 2
Garages 0.0
Lot Dimensions 50.00 x 150.00
Pool None
Area Niagara
Fireplaces N
Air Conditioning Central Air
Heating Gas - Forced Air
Exterior Brick
Garage Type None
Sewers Sewers
Water Municipal

Room Information

Floor Room Dimensions Description

Bathroom Information

Floor Description
Main 1 x 3 piece
2nd 1 x 3 piece
Bsmt 1 x 3 piece

Listing Office: ROYAL LEPAGE NRC REALTY, BROKERAGE

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