MLS#: X12385152Listed: about 3 hours agoUpdated:about 3 hours ago
Description
FOURPLEX Investment opportunity! solid brick building fully rented. Centrally located property with easy access to many amenities. Offers incredible flexibility for strong rental income. This solid well-maintained multi unit building offers a functional layout with plenty of room to grow, update, or create versatile living spaces. Positive cash flow and a solid cap rate based off market rent prices. Own a investment opportunity in sought-after Beechwood Village! Units are spacious & sunny. Potential for future development in a rapidly growing & changing area. Ideally located near parks, grocery stores, schools, transit routes, and only a short drive to downtown Ottawa, offers convenience, flexibility, and long-term potential. Short walk to Beechwood Village. Total income $119,940. Total expense is $25,800. NOI is $94,140. Great CAP rate it can be a great addition to your retirement portfolio. Insurance is $600/month. Heat is $300/month. Hydro $500/month. Water $350/month. Maintenance is $400/month.building sale "as is where is". Seller has made changes to the units to increase the income. Buyer's required to do their own due diligence. A smart buy with long-term growth potential! 24 hr notice for showing. Book your showing today! (id:58075)
Details
Details for 170 Lavergne Street, Ottawa, Ontario
Property Type
Multi Family
Building Type
Fourplex
Storeys
2
Neighborhood
3402 - Vanier
Land Size
72.6 FT ; 1
Year Built
-
Annual Property Taxes
$9,600
Parking Type
No Garage
Inside
Appliances
Water Heater
Rooms
-
Bedrooms
-
Bathrooms
0
Fireplace
-
Fireplace Total
-
Basement
Finished, Full
Building
Architecture Style
-
Direction
Beechwood turn south onto Jolliet ave. then left onto De Perent Blancs then right onto Lavergne