Checkout this feature listing we have listed in Alfred which is this high income producing 12 unit building which is brand new built this year which means no large capital expenses for a while! This is a great way to build future wealth and can be something that is invested in with other investors or family members.
85 ST JOHN ST, Alfred, K0B 1A0
Listed for sale at $2,499,900 MLS#1194431
Lot size: 140.09 ' x 190.78 Feet
12 Unit Building - 25 parking spots
Gross Annual Revenue $ 187,920.00
Gross Annual Expense $ 55,783.27
Estimated Net Operating Income $ 132,136.73
Cap Rate: 5.29%
Attention Investors! BRAND NEW, 3-STOREY, 12 UNIT BUILDING. Built by a PREMIUM BUILDER with a successful portfolio. Immediate CASH FLOW with an estimated 5.2% CAP RATE. Completed as of July 1, 2020. & FULLY LEASED on closing! Conveniently located in the growing town of Alfred just east of Ottawa. 12 modern units with a mix 1, 2, & 3 bedroom units. Efficient hot water boiler system. ERV's (energy recovery) in each unit, 13 hydro meters (tenants pay in-unit hydro costs), ELEVATOR, 25 PARKING SPOTS incl. visitor and disabled parking, 40-year fiberglass shingles. Each apartment will be equipped with a fridge, stove, & dishwasher. Great management team in place. Income generating Laundry facilities with coinamatic card operated machines. Located a short distance to schools, grocery stores, shopping, & medical offices. Expenses are estimated based on similar completed buildings. OWN THIS BRAND NEW ASSET TODAY!
Contact me today for full breakdown and information !
#ottawa #featurelisting #multifamily #building #alfred #ottawamultifamilyproperties #incomeproperty #buildingforsale #ottawainvestors #ottawarealestate #ottawarealtor #ottawahomes #ottawabuildingsforsale #soldbysorin #soldbyroa #capitalhomesrealty #ottawarealestateinvestors