Multi-family For Sale

For Sale
12
$ 327,000
$3,593 / Sqft
Bourget, Ontario K0A1E0
0 Bed
0 Bath
Sqft Sqft
0 Room
Built Year 1987
QR Code

About this property

Fully occupied 6 unit purpose-built rental property located in the lovely town of Bourget about a thirty-minute drive East of Ottawa. Zoning is grandfathered to permit the property to continue operating as a 6-plex. All units are one bed one bath. Bathrooms have been updated within the last few years. Rent is on a gross basis with all utilities included. Projected to generate gross revenue of $41,580 in 2022. Net revenue is projected to be $21,210 in 2022. The property is self-managed and maintained. The valuation has been established using a 4% cap rate after deducting a 5% vacancy contingency. This is a value add investment opportunity. The next owner can increase the net revenue by installing separate hydro meters and water submeters, turning over tenants and updating the unit interiors to increase rent. The natural gas furnace is approximately 5 years old. Storage sheds are included, with the exception of one storage unit owned by a tenant. To be sold in as-is condition. (id:48414)

Snapshot

Property Type : Multi-family
Listing Type : For Sale
Listing ID : 1291555
Price : $327000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 91 Sqft
Year Built : 1987
Lot Area : 0 Sqft

Features

Heating System : Forced Air
Fireplace : False
Parking : 6
Land Sewer : Septic System
Stories : 1
Building Exterior Finish : Siding
Heating Fuel : Natural Gas

Other Information

Municipal ID : 690350074
Ownership Type : Freehold
Land Size Depth : 148 Sqft
Land Size Irregular : 91 Sqft
Zoning Description : RV1 non-conforming
Management Company : self-managed -
Listing Provided by : KELLER WILLIAMS INTEGRITY REALTY,KELLER WILLIAMS I
Land SizeFrontage : 91 Sqft

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