1387 MICHAEL STREET , Ottawa

$419,900 / MLS® #:1086867

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LOCATION, LOCATION, LOCATION! BUILD 2 duplexes fresh OR possibility to add an accessory building to the lot. Lot has a RENOVATED DUPLEX on it now. Live in one and rent the other! Multiple income and exit strategies! New roof 2017 and BOTH UNITS TOTALLY renovated in 2015! Duplex with legal zoning R2N... that can be torn down and build TWO DUPLEXES! Or build an accessory building in the back with the current DUPLEX (confirm plan with the city). Lot is 74 feet by 131 feet. Duplex with 2 meters, 2 OWNED hot water tanks, 2 washers, 2 stoves, 2 refrigerators all included, PLUS the furniture in the basement to continue a successful AIRBNB operation. BUILD 2 duplexes fresh OR possibility to add an accessory building to the lot. Lot has a RENOVATED DUPLEX on it now. Lots of room to build ! Current Gross income: $31,300/yr all inclusive - Expenses: $9984 = NOI of $21,316. Basement unit is used for AIR BNB, and with alittle more attention can generate more income. 24 hours notice for showings. (id:10452)

Property Details

Property Type Vacant Land
Square Feet
Maintenance N/A
Days On Our Website 44
Basement Not Applicable - Unknown (Not Applicable)
Lot Dimensions 0.22 ac
Pool N/A
Area Ottawa
Air Conditioning N/A
Sewers Municipal sewage system
Water Municipal water


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