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5 - 7 Broadway Avenue Image 1

$1,400,000

Feb 14Investment For Sale
bedroomsbed
washrooms0bath
MLS - #X11973846

5 - 7 Broadway Avenue, Welland, ON L3C 5L2

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Similar Homes Found
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Average Price
140000000.0%
Higher than average

Price Comparison

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Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 5 - 7 Broadway Avenue

Discover this prime investment property offering a remarkable 5.7% cap rate. Featuring seven fully renovated one-bedroom units, all tenanted at or near market rent, this property is the epitome of turnkey convenience. With an impressive 8.1% cash-on-cash return in the first year, its a standout opportunity for savvy investors. This property boasts numerous capital expenditure updates, including newer windows, updated appliances, roof replacements and repairs as needed, newly installed gutters and downspouts, upgraded exterior doors, and a complete rewiring of the electrical system with updated breakers, plus much more!

Home Overview

Last updated

Mar 29

Virtual tour

None

Basement information

Building size

12271

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

2024

Listed by EXP REALTY

Additional Details

Basement:N/A
Cooling:No
Heating:Baseboard
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 5 - 7 Broadway Avenue

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