340 Lacasse Avenue,Ottawa, ON K1L7A9
Ottawa, ON K1L7A9
Description
LOOK AT THESE NUMBERS! Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cash flow (present return 5.86% cap with GOI $113,892.00 and NOI $90,783.00). 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 $850 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 +$12,948.00 per year with a higher Net Income of approx $103,731/yr. This has a projected CAP rate 6.7% (buyer to verify). Easy to own & manage bldg! Min 24 hours notice for all showings please. (id:13843)
Details
| MLS # | X12036179 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Days On Site | 114 |
| Listing Provided By | ENGEL & VOLKERS OTTAWA | Jacen Matthews |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R4UD |
Taxes
| Property | 114 |
|---|
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1L7A9 |
 | $1,200,000431 Blake BoulevardOttawa, ON K1K1A9 |
 | $1,588,888245 Durocher StreetOttawa, ON K1L7S5 |
 | $1,315,000327-329 Shakespeare StreetOttawa, ON K1L5M1 |
 | $1,250,000183 Columbus AvenueOttawa, ON K1K1P7 |
