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X4523959
$850,000

9 Albert St (King Street And Lincoln Street)

Price: $850,000

Status: For Sale 

MLS®#: X4523959

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Calculator $850,000
  • Tax: $2,420/Annual (2018)
  • City:Welland
  • Type:Commercial
  • Style:Investment
  • Bath:5
  • Size: 2,812 Sq Ft
  • Basement:Y
  • Age:51-99 Years Old

Features:

  • HeatingGas Forced Air Open
  • Sewer/Water SystemsMunicipal

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

Description

Up To 70% Vtb 1st Mortgage Or Assume Existing 1st Mortgage About $324,000 @ 2% For 10 Years+Up To 50% Vtb 2nd Mortgage * Legal Rooming House.19 Bed Rooms,Potential Gross Income About $9,500/Month Or $114,000/Year.Total Expenses Property Tax+Utilities+Maintenance Etc Estimated $20,000/Year.1st Floor 7 Rooms+1X4 Piece+2 Shower Stall+1X2 Piece+1 Kitchen.2nd Floor 12 Rooms+1X4 Piece+1 Shower Stall+1X2 Piece+1 Kitchen


Highlights

Property Needs Work. New Windows + New Doors Being Installed. Half Basement Finished With Breaker Circuit Panel, Boiler, Hwt(Rental), Property In "As Is-Where Is Condition". No Warranty From Seller/Agents.Buyer To Perform Own Due Diligence.

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’

Maher Traboulsi

Broker

Re/Max Realty Specialists Inc., Brokerage

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