See all 36 photos
36 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,190,000
Est. payment /mo
6 Beds
4 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $595
Subdivision 4002 - Lower Town
MLS® Listing ID X12370476
Bedrooms 6
Source Ottawa Real Estate Board
Property Description
TURN KEY easily managed property and CASH FLOW from Day 1! INCOME GENERATING OPPORTUNITY...Investors - Don't miss out on this LEGAL nc FOURPLEX located in DOWNTOWN OTTAWA (PRIME LOCATION)! With a healthy mix of professionals and students, this area attracts them all. There are two-2 bedrm units and two-1 Bedrm units. One of the 2-bedrms has a den as well. On-site maintenance person at a low cost already maintains the property, so you don't have to! Featuring a total of 6 bedrooms and 4 full bathrooms, separate COIN OPERATED LAUNDRY ROOM, 4 hydro meters, and easy-to-maintain layout (No snow shoveling or grass cutting) . Perfect for new or seasoned investors! GROSS INCOME: $89,897/yr. (-) OPERATING EXPENSES: $27,843/yr = NOI: $62,054 NOI. Rent gets the standard increase each year. All units are already tenant-occupied with long-term tenants who wish to stay, providing immediate rental income from day one. Rents paid on time. Located close to the University of Ottawa, shopping, dining, entertainment, the Rideau River and major commuter routes, this is a highly desirable area for renters. Are you looking for an investment property with massive upside? This is it. The door is open for the next savvy investor looking to expand their portfolio and secure a long-term income-producing asset. Call today to schedule a showing and secure your piece of prime real estate Downtown Ottawa NOW while still affordable - ahead of plans by the Ottawa Board of Trade to further grow residential and commercial footprint. **WE WELCOME ANY SERIOUS OFFER** (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Window air conditioner
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Read Less Info
Listed by RE/MAX HALLMARK REALTY GROUP
GET MORE INFORMATION
