64-62 Cobourg Street Ottawa, Ontario K1N 8G8

$1,190,000

More CASH FLOW... ask for Financial spreadsheet **SELLER IS NEGOTIABLE and the ROI is now higher - assumable VARIABLE mortgage on the property NOW AT 3.9%** TURN KEY easily managed property and CASH FLOW from Day 1! INCOME GENERATING OPPORTUNITY...Investors - Don't miss out on this LEGAL nc FOURPLEX located in DOWNTOWN OTTAWA (PRIME LOCATION)! With a healthy mix of professionals and students, this area attracts them all. There are two-2 Bedrm units and two-1 Bedrm units. One of the 2-bedrms has a den as well. On-site maintenance person at a low cost already maintains the property, so you don't have to! Featuring a total of 6 bedrooms and 4 full bathrooms, separate COIN OPERATED LAUNDRY ROOM, 4 hydro meters, and easy-to-maintain layout (low snow shoveling and no grass cutting) . Perfect for new or seasoned investors! GROSS INCOME: $90,197/yr. (-) OPERATING EXPENSES: $27,843/yr = NOI: $62,354 NOI. Rent gets the standard increase each year. All units are already tenant-occupied with long-term tenants who wish to stay, providing immediate rental income from day one. Rents paid on time. Located close to the University of Ottawa, shopping, dining, entertainment, the Rideau River and major commuter routes, this is a highly desirable area for renters. Are you looking for an investment property with massive upside? This is it. The door is open for the next savvy investor looking to expand their portfolio and secure a long-term income-producing asset. Call today to schedule a showing and secure your piece of prime real estate Downtown Ottawa NOW while still affordable - ahead of plans by the Ottawa Board of Trade to further grow residential and commercial footprint. (id:59524)

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https://www.realtor.ca/real-estate/28791219/64-62-cobourg-street-ottawa-4002-lower-town