High performing 8 unit apartment building with excellent cashflow AND some upside! Well managed and maintained with many capital improvements done over the years. Boasting $148,367.40 in annual gross income, this multi unit would be an excellent addition to an investment portfolio. Being steps away from the Byward Market, Uottawa & Downtown Ottawa makes this building an ideal location for young professionals and students alike. Over the past 5 years,6/8 units have been fully renovated including new kitchens, bathrooms, flooring, trim etc. Two long time tenancies are well below market rent providing future upside on turnover while the other 6 units are at market rents. With excellent management in place, this building is turn key for the next investor. (id:37351)
MLS® Number | X12319517 |
Property Type | Multi-family |
Community Name | 4001 - Lower Town/Byward Market |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
SizeExterior | 9200 Sqft |
SizeInterior | 9,200 Ft2 |
Type | Multi-family |
UtilityWater | Municipal Water |
Acreage | No |
SizeDepth | 112 Ft ,7 In |
SizeFrontage | 33 Ft ,3 In |
SizeIrregular | Bldg=33.32 X 112.66 Ft |
SizeTotalText | Bldg=33.32 X 112.66 Ft |
ZoningDescription | R4s |
Contact us for more information
Gershon Thambiah
Salesperson
(613) 744-5000
(343) 545-0004
suttonottawa.ca/