HIGH-YIELD TURNKEY ROOMING HOUSE exceptional income producing asset. This licensed and well-maintained rooming house is fully compliant with all municipal rooming house regulations. This property has been owned by the seller for 18 years "time to retire". Property consists of 13 rooms, one common kitchen and two full baths, one on each floor. This Gentlemen's rooming house is fully occupied with a waiting list. Monthly rents are $600-$650 per month includes all the occupant's utilities, high speed internet, and cable TV. 2 forced air gas furnaces. Vinyl siding, 3 car detached garage. New vinyl flooring. Full attic. New gutters. Security system and safe cams. Seller runs a tight ship and there is a resident manager living on site that receives free rent in exchange for his services. The building has vinyl siding, waterproofed basement, full attic. Corner lot with 3 car garage. Convenient to shopping, Niagara River, Riverside Park and bike trails. Gas, electric, water, cable, insurance and permits average $1350 per month, rents average $7000 per month. No sign on property, please do not walk property or converse with the occupants without an appointment. Seller willing to train new buyer and supply with all necessary information for continued success with this property.
