$725,000
Available - For Sale
Listing ID: X12049918
253 Jarvis Street , Fort Erie, L2A 2S7, Niagara
| 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: | $4730.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 253 Jarvis Street , 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 |
| 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 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 4430.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Recreation/Comm |
| Approximatly Age: | 100+ |
| Business/Building Name: | 253 Jarvis |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Water Expense: | $2038 |
| Vacancy Allowance: | 2657 |
| Net Income Before Debt: | $65166 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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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 |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Fort Erie |
| Neighbourhood: | 332 - Central |
| Approximate Age: | 100+ |
| Tax: | $4,730 |
| Fireplace: | N |
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