Property Description for 4553 FERGUSON STREET
This well-maintained four-unit multi-family building in the heart of Niagara Falls offers a turnkey investment with strong in-place income. Fully tenanted at or near market rents, the property generates immediate cash flow with a 5.3% cap rate at the asking price. Each unit is separately metered for hydro, with tenants responsible for their own utilities, minimizing operating costs. Recent upgrades include a new boiler heating system installed two years ago and a flat roof just over ten years old, both contributing to reduced near-term capital expenditures. The owner has kept the building in good condition, refreshing units upon turnover to maintain quality and tenant appeal. Situated in a quiet neighbourhood, this asset combines low-maintenance operations with long-term value retention, making it an ideal opportunity for both seasoned investors and those entering the market. (id:38686)
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Property Details
Property Tax
: $3,987 (2025)MLS® #
: X12341036
Home Features
Property Type
: MultiFamily
Interior Features
Heating
: Radiant heat, Natural gasFireplace
: YesBasement
: Unfinished, Separate entrance, N/A
Utilities
Sewer
: Sanitary sewer
Other
Parking Features
: Detached Garage, GarageExterior Features
: Stucco
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