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IMMEDIATE CASH FLOW ON CLOSING - will be PRE-RENTED BRAND NEW 12-unit BUILDING - TRUE TURN-KEY INVESTMENT - 5.8% cap rate! GROSS INCOME: $205,200 - EXPENSES: $48,656 = NOI of $156,544. Three storeys with elevator - built slab on grade (no basement). Coin operated LAUNDRY is on the main floor. MUNICIPAL WATER AND SEWER. NEW 12 Unit in Winchester, to be completed by Sept 1, 2019 by a reputed builder and investor! Amazing income potential and long term INVESTMENT for decades without worry. Brand new. Possession: September 1 2019. (Income is estimated based upon past projects completed by this builder. WINCHESTER is in NORTH DUNDAS township which is a THRIVING market with a HIGH desire for rentals and POPULATION of 11,654. 51% of this population is over 45 yrs old, and 35% is over 55 years old. There is a lack of good rental housing, great opportunity. Located SOUTH of Ottawa by 35 minute drive. Get in on the GROUND floor before it's too late!!! (id:10452)
|Days On Our Website||126|
|Lot Dimensions||* ft X * ft|
|Heating||Natural gas - Radiant heat|
|Sewers||Municipal sewage system|
Listing Office: RE/MAX HALLMARK REALTY GROUP
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