205 ETHEL STREET

Ottawa, Ontario

K1L5X1
439,000
Multi-family
Centrally located 4 unit building with a Walk Score of 87 and a CAP Rate of 6.77% with good upside due to low rents and parking tenants. Unit composition is 2x 2 Bedroom & 2 x 1 Bedroom mix. Walking distance to shops, restaurants & close proximity to transit & downtown making it ideal for all types of tenants. Three units are currently rented and one vacant unit available for easy showing. Units have the following rents; Unit 203A 1 BD = $600, Unit 205 2BD $950, Unit 205A 2BD $850, Unit 203 1BD VACANT $750. Tenants pay their own heat/hydro & HWT rental. Landlord pays for water, property tax, insurance, and thats it! Easy to maintain and ideal for investors looking for cashflow, upside rent potential, land with R4 zoning for future development, or live-in landlord. This fourplex is cheaper then row-units currently for sale! Do not miss out. Why not live in one unit and rent out the rest in an R4 zoned property with amazing future upside? (id:6355)

DETAILS

REQUEST MORE INFO

GET SECOND OPINIONS

COMMUNITY

Loading map...

ROOMS

N/A
Powered by GAVAMEDIA®
THE TRADEMARKS MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE OWNED OR CONTROLLED BY THE CANADIAN REAL ESTATE ASSOCIATION. USED UNDER LICENSE. MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE TRADEMARKS OF THE CANADIAN REAL ESTATE ASSOCIATION.