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X4237405
$675,000

9 Albert St (King Street And Lincoln Street)

Price: $675,000

Status: For Sale 

MLS®#: X4237405

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$675,000 Calculator
  • Tax: $2,420 (2018)
  • City:Welland
  • Type:Residential
  • Style:Detached (2-Storey)
  • Beds:9+9
  • Bath:7
  • Size:3500-5000 Sq Ft
  • Basement:Finished (Part Bsmt)
  • Age:51-99 Years Old

Features:

  • ExteriorMetal/Side
  • HeatingForced Air, Gas
  • Sewer/Water SystemsSewers, Municipal
  • Lot FeaturesPublic Transit

Listing Contracted With: RE/MAX REALTY SPECIALISTS INC., BROKERAGE

Description

Legal Rooming House. 19 Bed Rooms, Gross Income About $7,500 Per Month Or $90,000 Per Year. Total Expenses Include Property Tax+Utilities+Maintenance Etc About $20,000 Per Year. 1st Mortgage Assumable About $324,000 @ 2% For 10 Years. 1st Floor Total 7 Rooms:1 Unit Has 2 Rooms And 1 X 4 Piece+5 Rooms+2 Shower Stall+1 X 2 Piece+1 Kitchen. 2nd Floor Total 12 Rooms: 1 Unit Has 3 Rooms And 1 X 4 Piece+9 Rooms +1 Shower Stall+1 X 2 Piece+1 Kitchen.


Highlights

Half Basement Finished With Breaker Circuit Panel,Boiler(Few Yrs New),Hwt(Rental),Roof Done About 10 Year.Property In "As Is-Where Is Condition".No Warranty From Seller/Agents.Buyer To Perform Own Due Diligence. Vacant Possession Possible

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Alaa Yousif

Real Estate Broker

RE/MAX Realty Specialists Inc., Brokerage

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