Financial information for this Central Ottawa Commercial 5-Unit that SOLD in February, 2024

This 5-Unit property is located in Central Ottawa, with three 1-bedroom units and two 3-bedroom units. The property was listed for $1,299,000 and sold for $1,230,000.

  • Scheduled Rental Income was $90,480
  • Effective Rental Income was $87,766
  • Operating expenses of $23,476
  • Total Operating Expenses, with 10% for maintenance/management $32,253
  • Net operating income of $55,513
  • Cap Rate was 4.51%
  • Operating Expense Ratio was 36.7%
  • Sold for 14 times the Gross Income
  • Sold for 22 times the Net Income

5 unit building sold financials

cap rate and roi on sold 5 unit building

With an 37% down payment of $455,100, this leaves a mortgage of $774,900. At a 5.2% rate, amortized over 25 years, the monthly mortgage payment would be $4,596, for an Annual Debt Service of $55,152 (this is the annual mortgage payment).

The final cash flow on this building was $361 and the ROI (return on investment) was 0.08%.