48-50 Courtwright St
Fort Erie, L2A 2R7
FOR SALE
$574,900
Sold
$500,000
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7
BEDROOMS4
BATHROOMS4
KITCHENS8
ROOMSX8063718
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-13 | 2024-03-13 | 29 | $574,900 | $500,000 | Sold |
| 2023-09-13 | 2024-01-31 | 140 | $599,000 | - | Expired |
| 2023-04-06 | 2023-08-15 | 131 | $674,900 | - | Terminated |
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Property Description
Attention Investors, seize a unique opportunity to transform this diamond in the rough! Presenting a 4-plex with an enticing 7.12% CAP Rate, this property, though currently in need of some TLC, has incredible potential. Housing a mix of one-bedroom and two-bedroom units, all occupied with reliable tenants, the annual income of $51,600 and Net Operating Income of $40,950 speak to its underlying value. The property's strategic location near major highways and the US border positions it as a promising investment. Turn this hidden gem into a lucrative venture. With the potential to enhance its appeal and increase rental income, this property offers a unique canvas for savvy investors ready to unlock its true potential. Act now and embark on the journey of transforming this property into a lucrative investment opportunity!
Property Features
Other
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Property Details
Street
City
Property Type
Fourplex, Other
Approximate Sq.Ft.
3500-5000
Lot Size
77' x 135'
Acreage
< .50
Fronting
East
Taxes
$2,830 (2023)
Basement
Full, Unfinished
Exterior
Metal/Side, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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