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123 Pamilla Street Ottawa, Ontario K1S 3K9

None Baseboard Heaters, Forced Air

$999,900

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:19849)

Property Details

MLS® Number 1283750
Property Type Multi-family
Neigbourhood Little Italy
Amenities Near By Public Transit, Shopping
Parking Space Total 5

Building

Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Brick, Stucco
Flooring Type Hardwood, Ceramic
Foundation Type Stone
Heating Fuel Natural Gas, Electric
Heating Type Baseboard Heaters, Forced Air
Stories Total 3
Type Fourplex
Utility Water Municipal Water

Parking

Surfaced

Land

Acreage No
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 25 Ft
Size Irregular 0.06
Size Total 0.06 Ac
Size Total Text 0.06 Ac
Zoning Description R4

https://www.realtor.ca/real-estate/24193910/123-pamilla-street-ottawa-little-italy

Interested?

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Carley Humphries
Salesperson

(613) 986-0898

Keller Williams Integrity Realty
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1

(613) 829-1818
(613) 829-3223
www.kwintegrity.ca

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