$2,200,000

9 Albert St

MLS®#:X5764229

  • 0-0
  • 6
$2,200,000

Listed by: RE/MAX REALTY SPECIALISTS INC., BROKERAGE

*up To 75% Vtb 1st Mortgage Or Assume Existing 1st Mortgage About $324,000 @ 2% For 7 Yrs+up To 65% Vtb 2nd Mortgage* Approx 4,044 Sqft 2 Storey Legal Rooming House.19 Rooms. Excellent Flr Plan,easy To Manage*1st Flr 8 Bdrms,1 Kitchen,1x4 Wshrm,1x 2 Shower Stalls,1x2 Wshrm,1x3 Wshrm*+*2nd Flr 11 Rms,1 Kitchen,1x2 Wshrm,1x4 Wshrm*great Set Up For Student Housing Or Long Term Lodging By The Bus Route.*about 8 Minutes Drive To Niagara College Welland Campus With Over 9,000 Students* 9 Albert St Was Recently Gone Thru A Major Renovation In 2019 (windows,doors,many Newer Renovation/improvement Thru Out)*gross Income About $12,000/mth Or $144,000/yr.easy To Manage Rooming House Operation In Welland.*total Expenses:property Tax+utilities+maintenance Etc Estimated $20,000/yr. Rental (boiler, Hot Water Heater) To Be Assumed On Closing* Unit #17, 8, 9 In 2nd Flr Is A Self Contained 3 Bdrms + Balcony With 1x4 Pce Wshrm, 1 Kitchen,excellent For Owner Family/manager/superintendent Private Suite*
Community
City Welland
Postal Code L3B 4G1
MLS® Number X5764229
Days On Market 73 Days
Status Available
Purchase Type For Sale
Listing Type
Business Type Apts-13 To 20 Units
Cross Street King Street And Lincoln Street

Interior

Beds 0-0
Baths 6
Air Conditioning N
Basement Y
Heating Gas Forced Air Open

Exterior

Parking Spaces 1
Garage Type None
Lot Size 36.96 x 76.25
Lot Front 36.96

Additional Information

Taxes $2,080
Tax Year 2021
Zoning Residential Dmc Rm
Water Source Municipal
Appox Age 100+
Extras Property In """As Is-Where Is Condition""". No Warranty From Seller / Agents. Buyer To Perform Own Due Diligence. *** No Property Survey ***
Hold Over 90

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