- Property Info
- Mortgage Info
6 unit RESIDENTIAL BUILDING on the MAIN STREET in North Gower - 25 min from the heart of Ottawa, 15 min from Barrhaven. VERY RARE and VERY PROFITABLE. On well and Septic, so NO water/sewer bills! Septic tank is 20yrs old, pumped every 2 years (last pump 2017). Some small updates needed: Metal roof to be painted, small porch roof to be replaced. Currently only 2 of the 5 parking spaces are being used. Parking on both sides of the building. Lot is 65 ft wide x 97 ft deep. All units are LARGE 1-bedrm units, which have flooring and some random updates. All are NEW TENANTS on lease in 2017 and pay $675/month + heat and hydro. One unit is vacant for purpose of viewing and will rent for $675. Laundry is $1800/yr++. Gross income is $50,400/yr incl laundry and fully leased. Expenses - Hydro for common areas and laundry $1379 + Property taxes $4413 + Insurance $3475 = $9267/yr. Total Net Operating Income - $41,333/yr... if self managed and fully rented - 8.28% CAP RATE. (id:10452)
|Days On Our Website||25|
|Lot Dimensions||* ft X * ft|
|Heating||Electric - Baseboard heaters|
Listing Office: RE/MAX HALLMARK REALTY GROUP
Loading WalkScore data...
Loading Mortgage Calculators...