June 18, 2018    中文(简体)   
Listing Detail   

1087743

Price:
$470,000  For Sale
MLS® No:
1087743
Address:
6599 FOURTH LINE ROAD, North Gower, Ontario, Canada, K0A2T0
  • 1087743 photo
  • 1087743 photo
  • 1087743 photo
  • 1087743 photo
  • 1087743 photo
  • 1087743 photo
  • 1087743 photo
  • 1087743 photo
  • 1087743 photo
  • 1087743 photo

Features

Exterior Finish:
Siding
#Parkings:
5
Heat Source:
Electric
Heat Type:
Baseboard heaters
Fire Place:
N

6 Residential units. FULLY-RENTED. 8. 49% CAP RATE*. Part of Ottawa-Carleton in the town of North Gower. LOW EXPENSES. 7 hydro meters. 125 amp breakers in EACH unit. All units are one bedrooms with electric heating. Tenants pay hydro. Average rent is $675+hydro. 15 min to Barrhaven. VERY RARE and VERY PROFITABLE. On well and Septic, so NO water/sewer bills! Septic tank is 20yrs old, pumped every 2 years (last pump 2017). Main roof is tin, porch roof shingles will be new. Most flooring updated, kitchens and baths in good shape, New water Filtration system late 2017. Only 2 of the 5 parking spaces are being used. Parking both sides of the building. Lot is 65 ft wide x 97 ft deep. All TENANTS on lease since 2017. Laundry is $1800/yr++. Gross income is $50, 100/yr incl laundry and fully leased. Expenses: Hydro for common areas and laundry $1379 + Property taxes $4518 + Insurance $3475 = $9372/yr. Total Net Operating Income - $40, 728/yr. (id:5856)
Listing Contracted With: RE/MAX HALLMARK REALTY GROUP (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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John PhanBrokerDirect: (613)796-3688Bus: (613)596-5353
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RE/MAX Hallmark Realty Group, Brokerage, Independently Owned & Operated