109 ENDICOTT Terrace
Welland, Ontario L3C5R9

SOLID 4-PLEX, ALL BRICK EXTERIOR, UPDATED WINDOWS, 3 HI-EFFICIENCY FURNACES INSTALLED ABOUT 2 YRS AGO, 1 STANDARD FURNACE APPROX 8 YRS AGO. EACH UNIT HAS LR/DR/KIT ON MAIN FLOOR, 3 BR'S AND BATH ON SECOND FLOOR AND FULL, UNFINISHED BASEMENTS . TENANTS LOOK AFTER YARD MAINTENANCE. 3 RENTAL GAS WATER HEATERS, TENANT IN UNIT B HAS INSTALLED ELECTRIC WATER HEATER. RENTALS ARE: Unit A $900 + gas and hydro Unit B $816 + gas and hydro Unit C $850 + gas and hydro Unit D $771.43 + gas and hydro. Gross Rental Income: $40,049 Expenses: Water $3,912 Taxes 4,807 Insurance 2,000 Total Expense: 10,719 Projected Net Income: $29,330. SELLER WILL CONSIDER HOLDING A FIRST MORTGAGE WITH A LARGE DOWN PAYMENT. UNIT A WAS A GROW OP IN A 10' X 10' BASEMENT ROOM IN 2012 AND HAS BEEN REMEDIATED AND TESTED. ALL PAPERWORK ON FILE WITH LISTING AGENT. PRIOR TO ANY SHOWINGS, FINANCING MUST BE CONFIRMED BY LISTING AGENT. (32303735)