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$679,000 total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
89%
Renovated duplex featuring 8 bedrooms and 4 full bathrooms in the heart of Niagara Falls! Ideally located near the Falls, casinos, tourist attractions, Niagara Parkway, parks, Niagara University and the GO-Transit station, this versatile property offers excellent potential for investors, multigenerational families or buyers seeking spacious living with rental income. The newly renovated, vacant upper residence spans the second and third floors. The second floor offers three bedrooms, a kitchen, a full bathroom, laundry, and an enclosed sunroom. An interior staircase leads to a third-floor retreat featuring an additional bedroom, separate living area, a full bathroom, and a convenient pantry. The main-floor unit and finished basement are currently tenanted, each offering two bedrooms, a kitchen, a full bathroom, laundry, and a separate entrance. Updated windows, flooring, doors, and exterior stucco complement the renovations, while a fenced backyard and garden shed complete the property. A great investment opportunity combining generous living space, turnkey rental income, and a prime Niagara Falls location! (id:66811)
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Monthly debt service
$3K
Projected NOI
$21K
Annual cash flow
$-16K
Cash-on-cash
-8.04%
DSCR
0.56
Going-in cap
3.13%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
121,825
Households
47,633
Median income
$104,500
Median age
43.4
Daytime population
121,419
5-yr growth
7.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 4895 STAMFORD STREET, Niagara Falls (Cherrywood).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.