340 LACASSE AVENUE Active Save Request In-Person Tour Request Virtual Tour
Ottawa,ON K1L7A9
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $747
Subdivision 3404 - Vanier
MLS Listing ID X12313262
Bedrooms 6
Property Description
LOOK AT THESE NUMBERS: NET INCOME $92,583.00!!! Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cash flow (present return 6.193% cap with GOI $115,392.00 and NOI $92,583.00). It has been extensively renovated, boasting a high level of security and very stable tenants. Over 500K invested: new 2 storey front + rear covered balcony structures, bldg security, lighting, cameras, intercom, washrooms, kitchens, laundry added to 5 units, new electrical panels, wiring, unit lighting, appliances, flooring, paint, mailboxes, insulation, roof (30K 2024), secure doors, windows, garage renos +. Quality 6 unit building w 5 x 100% updated suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure that generates $950 in rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed at a cost of approx 25K which would increase return of +$13,428.00 per year with a higher Net Income of approx $106,011/yr. This has a projected CAP rate 7.1% (buyer to verify). Easy to own & manage bldg! Min 24 hours notice for all showings please. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling Wall unit
Exterior
Parking Features Yes
View Y/N No
Building
Story 2
Sewer Sanitary sewer