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4391 Jackson Street Lincoln (Beamsville), Ontario L3J 0M8

13767 sqft
None Hot Water Radiator Heat

$1,699,000

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:57276)

Business

BusinessType Residential
BusinessSubType Apartments
Name 11 Unit Apartment buiding

Property Details

MLS® Number X13021150
Property Type Multi-family
Community Name 982 - Beamsville
AmenitiesNearBy Highway, Recreation
ParkingSpaceTotal 11

Building

Appliances Water Heater
CoolingType None
HeatingFuel Natural Gas
HeatingType Hot Water Radiator Heat
SizeExterior 13767 Sqft
SizeInterior 13767 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Highway, Recreation
SizeDepth 102 Ft
SizeFrontage 135 Ft
SizeIrregular Bldg=135 X 102 Ft
SizeTotalText Bldg=135 X 102 Ft
ZoningDescription Rm1

https://www.realtor.ca/real-estate/29630446/4391-jackson-street-lincoln-beamsville-982-beamsville

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Joe Mysak
Broker of Record

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