2428-2430 IRIS STREET, Ottawa, Ontario
$1,500,000
MLS®#:
X12699666
Property Address
2428-2430 IRIS STREET, Ottawa, Ontario, K2C1C6, Canada
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Description
Fully Legal Four unit property in Parkway Park Absolute Cash Cow! Rare opportunity to own a turn-key legal 4-unit property in a premium investment location close to Algonquin College, College Square, IKEA, transit, and the new LRT. Two side-by-side bungalows, each with a main-floor unit and a legal basement apartment. All completed with permits, soundproofing, separate meters, and independent heating systems. both basement units are completely renovated (2018) upper Unit 2430 has been fully updated throughout, while 2428 has new kitchen, fresh paint, refinished hardwood flooring, and new interior doors. The property also features new appliances throughout, new furnaces, and a roof re-shingled in 2017 with vents added. Lower units Each offers 2 bedrooms and a Den/ media (sometimes used as another bedroom), 1 full bathroom, a separate side entrance, and is extremely spacious with plenty of potential. Gross annual income exceeds $104,000, and more then 6% Cap rate. This is an absolute cash cow with fantastic, well-vetted tenants and an extremely stable rental stream with virtually no vacancy. Tenants pay heat and hydro; landlord pays only water. Hot water tanks are included. This property is perfect for investors looking to move into one unit and rent the others, or lease all four units for maximum returns. More information, including detailed expenses and net income, is available upon request. Don't miss this high-demand, high-ROI opportunity in one of Ottawas most sought-after areas for rental properties. (id:2469)
Features
Irregular lot size, Lane, Carpet Free
DETAILS
Type:
Fourplex
Living Area:
2,000 sq.ft.
Bedrooms:
10
Style:
Bungalow
Lot Size Area:
86.7 x 94.9 FT ; trapeze
Bathrooms:
4 full
Lot Frontage:
86 ft
Amenities
Public Transit, Park, Schools
Listing Provided By
TRU REALTY
MAP
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CONTACT
- Name:Lucas Smith
- Phone:(613) 704-0616
- Mobile:613-447-6037
- Email:
-
Address
- EXP REALTY 424 CATHERINE ST, UNIT 200
- Ottawa, ON
- K1R5T8
