Legal 5-Unit Multiplex in Prime Niagara Falls Location – Exceptional investment opportunity in the heart of Niagara Falls. This legal five-unit multiplex is fully tenanted with five A+ tenants, offering stable rental income and hassle-free management. All five units are above grade, providing bright and spacious living spaces that attract quality tenants. The property consists of three one-bedroom units, one studio unit, and one two-bedroom unit, catering to a diverse range of renters. Financials have been carefully accounted for, with expenses including a 5% vacancy rate and a 5% maintenance cost, ensuring accurate and realistic projections. Additional revenue is generated from Coinamatic laundry, which is fully equipped and operates on a set schedule for tenants' convenience. This multiplex is fully fire compliant, featuring a steel fire escape for added safety. The building has been professionally managed and well maintained, ensuring smooth operations with minimal expenses. Tenants benefit from inclusive utilities, making this an attractive rental option with strong occupancy rates. Driveway parking is available for tenants with vehicles, adding further convenience and value to the property. Located in a high-demand area, the property is within close proximity to public transit, shopping, dining, entertainment, and major Niagara Falls attractions. With legal status, strong income, low vacancy, and minimal maintenance requirements, this is an outstanding addition to any real estate portfolio. Don’t miss this rare opportunity. (id:22423)
| MLS® Number | 40694944 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Schools |
| Community Features | Quiet Area, Community Centre, School Bus |
| Features | Paved Driveway, Laundry- Coin Operated |
| Parking Space Total | 5 |
| Structure | Shed, Porch |
| Bathroom Total | 5 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1920 |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Stone |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 2314 Sqft |
| Utility Water | Municipal Water |
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 102 Ft |
| Size Frontage | 45 Ft |
| Size Irregular | 0.105 |
| Size Total | 0.105 Ac|under 1/2 Acre |
| Size Total Text | 0.105 Ac|under 1/2 Acre |
| Zoning Description | Res |
https://www.realtor.ca/real-estate/27870366/4933-jepson-street-niagara-falls
Contact us for more information
Rob Golfi
Salesperson
(905) 575-7700
(905) 575-1962
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