123 PAMILLA STREET , Ottawa

Bed / $899,900 / MLS® Listing #:1283750

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NEW PRICE! Now an incredible 7.23% CAP RATE on this Little Italy Fourplex, fully vacant upon completion! $2,000+ CASH FLOW even at current interest rates. R4 Zoning. Massive growth area! Cranes in the air everywhere, residential infill on every street, huge condo projects underway. Hardwood flooring throughout; ceramic tile kitchens, bathrooms, and showers. 4+ private surfaced parking spaces. All units sold furnished. Projected rents: Unit #1 (1 bed) $1,595; Unit 1B (1 bed) $1,645; Unit 2 (1 bed w/o living rm) $1,495; Unit 3 (1 bed) $1,595. Average $175/month laundry income. Gross income $6,505/month or $78,060/year. All expenses total $13,005. NET income $65,055. CASH FLOW after finance @3.5% is $26,262/year or $2,189 monthly cash flow. (id:10452)

Property Details

Property Type Fourplex
Square Feet
Maintenance N/A
Days On Our Website 141
Basement Unfinished - Full (Unfinished)
Kitchens
Lot Dimensions 0.06 ac
Pool N/A
Area Ottawa
Air Conditioning None
Heating Natural gas, Electric - Baseboard heaters, Forced air
Exterior Brick, Stucco
Parking Spaces 5
Parking Type Surfaced,Surfaced
Sewers Municipal sewage system
Water Municipal water

Listing Office: KELLER WILLIAMS INTEGRITY REALTY



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