224 MITCHELL Street, Port Colborne, ON L3K 1Y3
- $750,000
- 11
- BD
- 7
- BA
- 3,500
- SqFt
- List Price
- $750,000
- MLS#
- X12701866
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 11
- Bathrooms
- 7
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Port Colborne
- Area
- Niagara
- Neighborhood
- 876 - East Village
- Subdivision
- Mitchell / Louis St
Property Description
Exceptional 8-Unit Multi-Property Investment /Seize this rare opportunity to own a high-performing, income-generating portfolio featuring three separate buildings across 220/224 Mitchell St. & 59 Louis St. This package includes two duplexes and one fourplex, for a total of 8 residential units with strong cash flow and future upside. 224 Mitchell (Fourplex): Three fully renovated 1-bedroom units and one 5 bedroom 59 Louis (Duplex): One 1-bedroom and one bachelor unit, bringing in $1,100/month, plus added value from an on-site garage and shed. 220 Mitchell (Duplex): Two 1-bedroom units, both rented at $1,250/month, totaling $2,500/month. Combined gross monthly income is $8050.00with clear value-add potential. All three properties have received major upgrades, including newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing.
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Additional Information
- Taxes
- $5,499
- Heat Type
- Water
- Heat Source
- Electric
- Air Conditioning
- None
- Kitchens
- 7
- Exterior
- Vinyl Siding
- Garage Spaces
- 2
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 4
- Parking Type
- Other
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Listing courtesy of LUXE DREAM HOME REALTY LTD..