205 ETHEL STREET , Ottawa

$439,000 / MLS® Listing #:1171463

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Centrally located 4 unit building with a Walk Score of 87 and a CAP Rate of 7.42% with good upside due to low rents and parking tenants. Unit composition is 2x 2 Bedroom & 2 x 1 Bedroom mix. Walking distance to shops, restaurants & close proximity to transit & downtown making it ideal for all types of tenants. Three units are currently rented and one vacant unit available for easy showing. Units have the following rents; Unit 203A 1 BD = $750, Unit 205 2BD $950, Unit 205A 2BD $850, Unit 203 1BD VACANT $750. Tenants pay their own heat/hydro & HWT rental. Landlord pays for water, property tax, insurance, and thats it! Easy to maintain and ideal for investors looking for cashflow, upside rent potential, land with R4 zoning for future development, or live-in landlord. This fourplex is cheaper then row-units currently for sale! Do not miss out. Why not live in one unit and rent out the rest in an R4 zoned property with amazing future upside? (id:10452)

Property Details

Property Type Fourplex
Square Feet
Maintenance N/A
Days On Our Website 112
Basement Unfinished - Unknown (Unfinished)
Lot Dimensions 33 ft X 95 ft
Pool N/A
Area Ottawa
Air Conditioning None
Heating Natural gas - Baseboard heaters, Other
Exterior Siding
Parking Spaces 4
Parking Type Street Permit
Sewers Municipal sewage system
Water Municipal water

Listing Office: EXP REALTY

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