INVESTMENT OPPORTUNITY! Six-unit apartment building in a great central location close to shopping, parks, trails, transit, and just minutes from downtown Ottawa. All units are spacious 1-bedroom apartments. Current rents: Apt. 1 - $1,010, Apt. 2 - $876, Apt. 3 - $795, Apt. 4 - $907, Apt. 5 - $1,350 (recently re-rented at market rate), Apt. 6 - $885. Rents are below market value for all units except Unit 5, which was recently rented at market rate. The other units are similar in size and layout. Seven hydro meters-tenants pay for their hydro. Coin laundry in the basement (currently not in use). The building needs TLC but has enormous potential to be a great addition to any investor's portfolio. Major upgrades: New roof (2012), Gas boiler (2012). (id:4069)
Address
222 DESCHAMPS AVENUE
List Price
$899,900
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Ottawa
Bedrooms
6
Bathrooms
6
Floor Area
2,500 Sq. Ft.
Lot Size
57 x 64 FT Sq. Ft.
MLS® Number
X12029893
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
N/A (Finished)
Postal Code
K1L5Y9
