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X5764214
$2,200,000

9 Albert St (King Street And Lincoln Street)

Price: $2,200,000

Status: For Sale 

MLS®#: X5764214

$2,200,000
  • Tax: $2,080.25 (2021)
  • City:Welland
  • Type:Residential
  • Style:Detached (2-Storey)
  • Beds:9+9
  • Bath:6
  • Size:3500-5000 Sq Ft
  • Basement:Part Bsmt (Unfinished)
  • Age:100+ Years Old

Features:

  • ExteriorMetal/Side
  • HeatingForced Air, Gas
  • Sewer/Water SystemsSewers, Municipal
  • Lot FeaturesPublic Transit

Listing Contracted With: RE/MAX REALTY SPECIALISTS INC., BROKERAGE

Description

*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*


Highlights

Property In "As Is-Where Is Condition". No Warranty From Seller / Agents. Buyer To Perform Own Due Diligence. *** No Property Survey ***

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Dwight Taylor

Full Service Real Estate Team

RE/MAX Realty Specialists Inc., Brokerage