4391 JACKSON STREET, Lincoln (Beamsville), Ontario, L3J0M8
MLS: X13021150 | Multi-Family
$1,699,000
Property Description
A clean 11-unit building selling at aprox. a 7.1% cap rate based on real numbers, not projections. 10x2 Bedroom, 1x3 Bedroom. Tenants pay Hydro. Boiler roughly 7 years old. Turn key with No heavy lifting, no major repositioning needed to enjoy current phenomenal cashflow but if you want to work the asset and force appreciation there is tremendous upside to market rents. Tenant profile is both diverse and stable, comprising working families, skilled trades professionals, retirees, and individuals transitioning from higher-cost urban markets. Solid construction, key systems addressed, clean environmental, and a strong unit mix. Expenses are well-controlled at a 37.1% income to expense ratio, with potential to further optimize expenses. A stabilized, income-producing asset delivering strong in-place cash flow, with defined pathways to further drive value through operational improvements. Tours will be conducted Sunday April 26th from 11am-1pm. This is not an open house attendance must be confirmed (id:64974)
Quick Facts
- Property Type: Multi-Family
- Bedrooms: None
- Bathrooms: None
- Living Area: 13,767 sq ft (1,279.0 m²)
- Attached: Yes
- Parking: 11.0 spaces
- Frontage: 135 ft (41.1 m)
Costs
- Annual Taxes: $25,518.00
Listing Provided by: MYSAK REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Hot water radiator heat, Natural gas
- Cooling: None
- Appliances: Water Heater
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 135 ft (41.1 m)
- Zoning: RM1
Community & Neighbourhood
- Neighbourhood: 982 - Beamsville
Listing Information
Listing History
MLS listing activity for 4391 JACKSON STREET, Lincoln (Beamsville), Ontario, L3J0M8 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Neighborhood Walkability
Mortgage & Cost Calculators
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4391 JACKSON STREET, Lincoln (Beamsville), Ontario, L3J0M8