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*