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8- Bedroom Student Housing Earning 10% Cap Rate In Niagara Falls, Usa

Not on MLS®

Unpriced

For Sale: Multifamily in Niagara Falls, ON

Mya Qi

Realtor

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Listing Details

Financial Details

Description

8-Bedroom student housing property in Niagara Falls, USA, within walking distance to Niagara University. Fully leased to 8 students at $420 USD/person/month, who pay for hydro and heating, grossing $40,320 USD per year. Landlord pays for water and property taxes, which are approximately $4000 USD per year. NOI is approximately $36,320 USD per year, resulting in a double digit cap rate. Such cap rates would not be possible at this scale in Canada due to over-inflated residential property prices. Take advantage of the low exchange rates and start making serious cash flows. Principals and cash buyers preferred.

Location & nearby

This listing is located in Niagara Falls, ON

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