123 Pamilla Street, Ottawa, Ontario K1S3K9

Listing courtesy of KELLER WILLIAMS INTEGRITY REALTY.

$999,900
List Price
$999,900
MLS®
1283750
Days on Market
51
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Lot Size
2,613
Subdivision
Little Italy

Property Description

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:2579)

Additional Information

Heating Fuel
Natural gas, Electric
Subdivision
Little Italy
Parking Spaces
5
Levels
3
Country
Canada
Flooring
Hardwood, Ceramic
Sewer
Municipal sewage system
Frontage Length
25 ft
Heating
Baseboard heaters, Forced air
Total Number Of Units
4
Stories
3
Lot Size
2,613

Mortgage Calculator

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Calculator source: Real Geeks