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:53622)
| MLS® Number | X12319517 |
| Property Type | Multi-family |
| Neigbourhood | Byward Market |
| Community Name | 4001 - Lower Town/Byward Market |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 9200 Sqft |
| Size Interior | 9,200 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 112 Ft ,7 In |
| Size Frontage | 33 Ft ,3 In |
| Size Irregular | Bldg=33.32 X 112.66 Ft |
| Size Total Text | Bldg=33.32 X 112.66 Ft |
| Zoning Description | R4s |
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by 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 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. Used under license.
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