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Legal Non-Conforming 4-Plex + In-Law Suite. Prime Investment Opportunity! Impressive rental income featuring 5 x 2-bedroom units, including a lower-level 2-bedroom in-law suite with separate entrance. Set on a large 60.14 x 160.75 ft lot, this turnkey building includes a detached double garage, concrete driveway, and parking for all units. 4 units recently renovated with over $240K in upgrades, plus a brand-new coin-operated laundry room (2024). Additional updates: breaker panels, windows/doors, basement waterproofing, roofs (2011), boiler (2012), and bathroom upgrades across several units. Gross annual income: $98,286! with very desirable CAP rate of approx 7.95%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location!
City: Niagara Falls
Neighborhood: Hospital
Purchase Price | $970000 |
Down Payment | $194000 |
Mortgage Insurance | $0 |
Total Mortgage | $776000 |
Mortgage Payment | $4782 |
Property Taxes | $376 |
Maintenance Fees | $0 |
Monthly Payment | $5158 |
Located at 5749 Summer St , this Niagara Falls house is available for sale. This property was listed for $970,000 on Fri Apr 18 2025. This house's size is 1500-2000 Sqft. It has 10 bedrooms and 5 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 6 parking spots. 5749 Summer St, Niagara Falls is situated in the Hospital neighbourhood.
MLS#: X12091339 · $970,000 · 10 bedroom house in Hospital, Niagara Falls