123 PAMILLA ST$999,900

#X5552612

4 bed

5 bath

About the Property

Incredible! Fully Vacant Upon Closing Little Italy Fourplex Set To Achieve A 6.51% Cap Rate And $2,465 In A Premium Neighbourhood With A Prevailing Cap Rate Under 4.9%! 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 $29,575/Year Or $2,465 Monthly Cash Flow. Can Be Sold Together At Buyer's Option With Mls#1283752. Offers Presented Monday April 4 At 1Pm; Seller Reserves The Right To Review & Accept Pre-Emptive Offers. (id:46641)

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Listing Agent

KEVIN JOHN

Broker

(905) 758-1101

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Property Details

City: Ottawa

Property

Property Type

Single Family

Building

Bedrooms Above Grade

4

Bathrooms

5

Basement Development

Unfinished

Basement Type

N/A (Unfinished)

Storeys

2.5

Building Style

Fourplex

Exterior Finish

Brick, Stucco

Heating Type

Forced air

Parking Space Total

5

Measurements

Additional Info

Listing Contract Date

2022-03-28

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