123 Pamilla Street Ottawa, Ontario K1S 3K9
$899,900
NEW PRICE! Now an incredible 7.23% CAP RATE on this Little Italy Fourplex, fully vacant upon completion! $2,000+ CASH FLOW even at current interest rates. 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 @3.5% is $26,262/year or $2,189 monthly cash flow. (id:37446)
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?
Contact us for more information
Carley Humphries
Salesperson
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1
(613) 829-1818
(613) 829-3223
www.kwintegrity.ca