4 Bedroom
4 Bathroom
2000 sqft
None
Other, Radiant Heat
$625,000
Discover the perfect investment opportunity in the heart of Fort Erie. This spacious large brick and concrete block 4-plex offers the ideal combination of versatility and potential income. With an attached carport and a detached 2-car garage, there are options to maximize your rental income. This property features four distinct units, catering to a variety of tenant needs. There's one cozy bachelor apartment, two spacious one-bedroom units, and a generous two-bedroom apartment. The third-floor one-bedroom apartment is a unique gem, offering exclusive access to a rooftop space with breathtaking views of the Buffalo skyline. Apartment #2 (Bachelor) $850, Apartment #1 (one bedroom - currently rented) $820, Apartment #3 (2 bedroom and currently rented) $769 and Apartment #4 (one bedroom - vacant) Potential rent $1250 . All rents are all utilities included. Property has hot water gas heating & furnace is located in Unit 1. Two units are currently vacant, providing an excellent opportunity for the new owner to take possession for personal use or set competitive rental rates for incoming tenants. With a little vision and the potential to rent out individual garage bays, this investment promises both immediate returns and long-term value. Don't miss out on this chance to own a piece of Fort Erie real estate with incredible potential.Recent improvements include a new exterior staircase to 3rd floor, updated bathroom in apartment 4 and exterior has been painted. (id:35868)
Property Details
MLS® Number
|
40670587 |
Property Type
|
Multi-family |
Amenities Near By
|
Golf Nearby, Hospital, Marina, Park, Place Of Worship, Public Transit, Schools, Shopping |
Community Features
|
School Bus |
Equipment Type
|
Water Heater |
Features
|
Visual Exposure, Paved Driveway |
Parking Space Total
|
3 |
Rental Equipment Type
|
Water Heater |
Building
Bathroom Total
|
4 |
Bedrooms Total
|
4 |
Basement Type
|
None |
Construction Material
|
Concrete Block, Concrete Walls |
Cooling Type
|
None |
Exterior Finish
|
Brick, Concrete |
Heating Fuel
|
Natural Gas |
Heating Type
|
Other, Radiant Heat |
Stories Total
|
3 |
Size Interior
|
2000 Sqft |
Type
|
Fourplex |
Utility Water
|
Municipal Water |
Parking
Land
Access Type
|
Water Access, Highway Access |
Acreage
|
No |
Land Amenities
|
Golf Nearby, Hospital, Marina, Park, Place Of Worship, Public Transit, Schools, Shopping |
Sewer
|
Municipal Sewage System |
Size Depth
|
66 Ft |
Size Frontage
|
82 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
R3 |
https://www.realtor.ca/real-estate/27597090/97-queen-street-fort-erie