Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (id:42482)
| MLS® Number | X9519706 |
| Property Type | Multi-family |
| Neighbourhood | CHENEY |
| Community Name | 607 - Clarence/Rockland Twp |
| ParkingSpaceTotal | 40 |
| CoolingType | Fully Air Conditioned |
| ExteriorFinish | Vinyl Siding, Stone |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 254 Ft ,10 In |
| SizeFrontage | 255 Ft ,7 In |
| SizeIrregular | Unit=255.63 X 254.84 Ft ; 0 |
| SizeTotalText | Unit=255.63 X 254.84 Ft ; 0 |
| ZoningDescription | Rv2-10 |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Labrosse Real Estate Group
4366 Innes Road
Ottawa, ON, K4A 3W3
Direct: 613-227-6409
Email: Hello@LabrosseRealEstate.com
Office: 613-590-3000
Copyright © 2022 NICK LABROSSE
Nicholas Labrosse Courtier Immobilier Inc
Website created by Designful
Find out how much your home is worth with Labrosse Real Estate Group’s free home value estimation service – get started now!
