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:36465)
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
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July 19 2022 02:12:07
Ottawa Real Estate Board
Keller Williams Integrity Realty
Brent McElheran, Broker of Record Royal LePage Team Realty
McElheran & Associates
Phone: 613.725.1171 | Toll free: 1.800.307.1545 | Email: mail@brentmcelheran.com
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