Rarely offered, very well maintained fourplex with over 7% cap rate in area with low vacancy, growing population in an Ottawa bedroom community/ historical town located on the RIDEAU CANAL. Building situated on massive 60' x 120' lot in sought after location with ample parking at back of building. Ground floor with recently updated 2 x 2 bedroom units, upper floor is 2 x 1 bedroom apartments. FURNACES(2013, 2022), ROOF(2022), SOFFITS AND FASCIA(2013), ALL WINDOWS(2014), CHIMNEY CAPPED(2021), SEWAGE LINE REPLACEMENT(coordinated with municipality in 2022), COMPLETE PLUMBING UPDATE WITH ABS AND COPPER, ELECTRICAL(2008), GARAGE DOOR(2023), 4 hot water tanks(all owned, 4 hydro meters. The numbers are $54590 for 2024 Gross Rent. Cashflow(after taxes, utilities, insurance) is $45081 offering a 7.5% cap rate. A solid investment for the savvy investor. (id:4069)
Address
117 BROCKVILLE STREET
List Price
$599,900
Property Type
Multi-family
Type of Dwelling
Fourplex
Area
Ontario
Sub-Area
Smiths Falls
Bedrooms
6
Bathrooms
4
Lot Size
60 x 120 FT Sq. Ft.
MLS® Number
X11946434
Listing Brokerage
SUTTON GROUP - OTTAWA REALTY
Basement Area
Full (Unfinished)
Postal Code
K7A3Y7
Zoning
RESIDENTIAL
Amenities
Separate Electricity Meters
