6447 Culp Street Niagara Falls, Ontario L2G 2C2

$1,590,000

Introducing a prime investment opportunity in the heart of an ever-evolving community, this multi-family property presents a unique blend of modern luxury and traditional charm that is sure to captivate investors looking to expand their portfolios. With a very strong cash flow and an attractive CAP rate, this property isn’t expected to last for long. The property features a completely new back unit, meticulously designed with three expansive floors that includes 3 kitchens, 9 bathrooms—of which 3 are primary bedrooms with ensuites—a living room on each floor, and a laundry on each floor. The original house has been significantly upgraded to include a fully finished basement, adding valuable living space and appeal to the property. Leases are already in place for 70% of the house, with most tenants set to move in by May 1st. The remainder of the house is on track to be fully leased and occupied by June 1st, indicating a strong demand and a swift return on investment. Strategically positioned for growth, plans are already underway to convert this property into a 3-unit building, with the foresight to expand to a 4-unit building as soon as local regulations permit. This foresight into the potential for expansion not only showcases the property’s versatility but also its future growth potential, making it an enticing option for investors looking to capitalize on the dynamic Niagara Falls real estate market. This investment opportunity is not just a property; it's a turnkey solution for generating substantial rental income and capital appreciation. With most of the groundwork already laid and a vision for future expansion, investors are presented with a rare chance to invest in a property that combines immediate cash flow with long-term growth prospects. Don’t miss out on the chance to be a part of this exceptional investment journey. (id:51013)

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https://www.realtor.ca/real-estate/26707321/6447-culp-street-niagara-falls