24 Herrick Avenue St. Catharines, Ontario L2P 2S5
$685,000
Looking for an incredible investment opportunity in the heart of St. Catharines? Look no further! This remarkable triplex presents a lucrative prospect for both seasoned investors and newcomers to the real estate market. Property Highlights: Prime Location - Situated close the vibrant heart of downtown St. Catharines, this triplex is a short convenient drive to shopping, restaurants, parks, and public transportation, making it an attractive option for tenants. Cash Flow - With three fully occupied units generating strong and consistent rental income, this property generates a Cap Rate just under 8%. Well-Maintained Units - 2 3beroom and 1 2bedroom units each with a full bathroom, spacious living areas, and shared laundry to ensure tenant satisfaction and retention. Don't miss this chance to add a high-performing asset to your portfolio in a sought-after location. Whether you're a seasoned investor or someone looking to jump into the real estate market, this triplex presents an exceptional opportunity to secure steady cash flow in a rapidly growing area. (id:49476)
Property Details
| MLS® Number | 40527964 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Playground, Public Transit, Schools |
| Features | Paved Driveway, Laundry- Coin Operated |
| Parking Space Total | 6 |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 8 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1946 |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 2000 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 91 Ft |
| Size Frontage | 45 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/26402837/24-herrick-avenue-st-catharines
Interested?
Contact us for more information
William Smith
Salesperson
(905) 684-1321
https://www.facebook.com/williamsmithrealty
https://www.linkedin.com/in/william-smith-18504b127/
Lake & Carlton Plaza
St. Catharines, Ontario L2R 7J8
(905) 641-1110
(905) 684-1321
www.remax-gc.com
Kayla Smith
Salesperson
28 Front Street South, Unit 4b
Thorold, Ontario L2V 1W8
(905) 545-1188
remaxescarpment.com
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January 10 2024 06:32:20
Niagara Association of REALTORS®
RE/MAX Garden City Realty Inc, Brokerage, RE/MAX Escarpment Realty Inc., Brokerage