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Return On Investment (ROI) of 20%+ with 20% down! WATERFRONT DUPLEX... assessed at $155,500 by MPAC, Lot size is 83.83 x 105.60 feet! Needs TLC and some cosmetic work but all in all, where will you get a $118k investment backing on the water with a 8.22% cap rate??!! Or LIVE-IN A BIG HOUSE AND RENT A SEPARATE UNIT. FULLY RENTED, month-to-month. TWO-CAR GARAGE. MUNICIPAL WATER + SEWER. Detached mainly brick multi-unit has 2 units (4 bedrm - $1200, Bachelor - $465). Gross income - $19,980. Expenses - $9701 = $10,279 current NOI. Cap rate - 8.22%. Tenants pay NO utilities - rent is all-inclusive. In between OTTAWA and MONTREAL, backing onto South Nation River. Newer Metal Roof and the roof to the addition, Nat Gas Furnace 4 yrs old! Some windows upgraded! Prop tax: $1994/2015. Own this investment + make $$ today. Easy to run, turnkey investment. WE WELCOME OFFERS! (id:10452)

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Property Details

Property Type Duplex
Square Feet
Maintenance N/A
Basement Unfinished - Crawl space (Unfinished)
Lot Dimensions 83.82 ft X 105.6 ft
Pool N/A
Area Plantagenet
Air Conditioning None
Heating Natural gas - Forced air
Exterior Brick, Siding
Parking Spaces 4
Parking Type Shared
Sewers Municipal sewage system
Water Municipal water


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