PROJECTED 5.37% CAP RATE AT $2,100,000. 64 Delaware Avenue: fully furnished, restored 5-plex in Ottawa's sought-after Golden Triangle. Projected annual gross income of $143,100 and NOI of $112,807, based on the following pro forma: 1 x two-bedroom suite at $2,700/month, 4 x one-bedroom suites at $2,150/month, plus $7,500/year from 5 parking spaces. Apartment rents total $11,300/month or $135,600/year. Deducting 3% vacancy/collection loss ($4,293), property taxes ($16,000), insurance ($5,000) and general maintenance ($5,000) yields the projected NOI above. Currently vacant, offering the opportunity to establish new tenancies at market-supported rents. Extensive updates, furnished suites and preserved architectural character complement this central location near the Rideau Canal, Elgin Street, shops and restaurants. Income figures are projections, not an existing rent roll. Cap rate is before financing; additional owner-paid utilities, management and replacement reserves are excluded. Buyers to verify achievable rents and complete operating costs. (id:53622)
| MLS® Number | X13869724 |
| Property Type | Business |
| Community Name | 4104 - Ottawa Centre/Golden Triangle |
| Farm Type | Other |
| Parking Space Total | 7 |
| Age | 100+ Years |
| Appliances | Furniture |
| Cooling Type | None |
| Heating Type | Radiant Heat, Radiator |
| Size Exterior | 3453 Sqft |
| Size Interior | 3,453 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 90 Ft |
| Size Frontage | 44 Ft |
| Size Irregular | Bldg=44 X 90 Ft |
| Size Total Text | Bldg=44 X 90 Ft |
| Zoning Description | R4v |
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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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