Revel, Reality and Brokerage

Revelutionizing Real Estate!

4223 TERRACE Avenue, Niagara Falls

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Asking Price $869,000
Square Footage 12000 Sq. ft.


Check out this unique multi residential building in Niagara Falls. This building is deemed heritage and sports a ton of character with Italianate style architecture. There are 8 units, 7 are fully rented with 1 unit occupied by the seller. There is potential to have 2 more units as units 1 and 4 are now one unit, and units 9 and 10 (occupied by the seller) are also currently 1 unit. The building is zoned R2. Most tenants are month to month, with one tenant on a year lease, and another tenant on a 2 year lease. Most apartments have high ceilings, some with brick walls, wood floors and fire places.. some units are 2 storey. Most of the building has been completely rewired and has all new fixtures, recepticals and electrical panels installed by a licensed electrician except for units 6, 7, and 8. The seller still has the invoice for the work that was done. One of the pumps on the boiler is new 2017. New smoke and CO2 detectors throughout the building. Unit 5 has a new kitchen. Unit 3 has new flooring. The property sits on a large parcel of land and is Close to the U.S border aswell as downtown and Clifton Hill. This property has great potential! One unit had marijuana plants in it from previous owner and was properly remediated as per city requirements. All paperwork is available. The property is sold as is. Entrance is off buttery beside the garage. (id:21297)


MLS Number30634540
Property TypeMulti-family
AvailableFor sale
Exterior FinishStucco
WaterMunicipal water
Sewer / Septic
HeatingNatural gas
Heating TypeRadiant heat
Basement TypeFull (Unfinished)