123 PAMILLA STREET$999,900

#1283750

N/A bed

N/A 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. (id:46641)

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Listing Agent

Carley Humphries

Salesperson

(613) 986-0898

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Realtor.ca

Property Details

City: Ottawa

Neighbourhood: Little Italy

Lot Size: 0.06 ac

Property

Property Type

Multi-family

Land Size

0.06 ac

Land Depth

100 ft

Building

Basement Development

Unfinished

Basement Type

Full (Unfinished)

Storeys

3

Building Style

Fourplex

Exterior Finish

Brick, Stucco

Heating Type

Baseboard heaters, Forced air

Cooling Type

None

Foundation Type

Stone

Parking Space Total

5

Measurements

Additional Info

Lease Type

Other, See Remarks

Listing Contract Date

2022-03-28

Zoning Description

R4

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