5145 RICE CRESCENT, Niagara Falls (Downtown)

$599,000

For sale: Multiplex

Property type: Multi-family
Bedrooms / bathrooms: 5 bedrooms, 4 bathrooms
Living area: 1,500 sqft
MLS number: MLS® X13104854
Neighbourhood: 210 - Downtown

Multiplex at 5145 RICE CRESCENT, Niagara Falls (Downtown)

Strong investment opportunity with multiple income streams and excellent flexibility for investors or owner-occupants. This legal duplex features a spacious 2-bedroom main floor unit and a bright 1-bedroom upper unit, each with separate entrances. Additionally there is a lower-level living space with in-law potential offering separate entrance, kitchen, bathroom and two bedrooms. Coin laundry on site provides added revenue opportunity. Property offers parking for 3 vehicles and a low-maintenance backyard for tenant enjoyment. Centrally located in a convenient downtown area within walking distance to shopping, restaurants, amenities, and the Falls. Excellent opportunity to add value and maximize cash flow in a high-demand rental location. Current total monthly rents are $4,600 and include all utilities. 24 hours notice required for all showings.