+15
Incredible investment opportunity in Old Ottawa South! Large multi-unit on expansive 30' x 161' lot newer 3,000 sqft addition containing 3 additional apartments plus main front house. All 4 apartments tenanted. One 3-Bedroom unit, two 2-Bedroom units and one 1 Bedroom unit. The older front of home unit has been updated with hardwood floors, granite countertops and newer cabinetry and updated bathroom - it has it's own Furnace (2020), A/C (2017) and Hot Water Tank (Rental). New addition completed in 2017 with 2 Furnaces and 2 Central Air units. 3 Hydro meters, 3 gas meters and 1 water meter. All units have in-unit laundry. Sump pump 2017, Roof 2017. City of Ottawa has suggested plan of a 5-plex for potential income increase. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE. Cap rate: 6.3%.