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About
27
26 MCARTHUR AVENUE
$5,000,000 Sale
Listed 1 day
· 16
· 12.0
· 0
· 5000 - 100000
Key Facts
Key facts for 26 MCARTHUR AVENUE
Property Type
House, House
Parking
Garage: No, 0 parking
MLS #
X12392560
Size
5000 - 100000 sqft
Basement
Finished, N/A (Finished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Brand-new 12-unit apartment building located in Ottawa, offering strong income potential with an estimated annual rent roll of $300,600. The property consists of eight one-bedroom and four two-bedroom apartments, each equipped with five appliances and individual storage lockers. The units feature lu...xury vinyl tile flooring in the living areas, kitchens, and bedrooms, complemented by ceramic tile in the bathrooms. Modern design and quality finishes are consistent throughout the building. Please note that there is no on-site parking.As a newly constructed building, this is a turnkey, low-maintenance investment ideally situated in a high-demand rental market. Based on current projected revenue and normalized expenses, the cap rate is estimated at 4.21%. Asking rents are set at $2,400 for the two-bedroom units, $1,950 for the one-bedroom units, and $1,800 for a basement one-bedroom unit. This represents a rare opportunity to acquire a newly built, income-generating property with strong rental demand and solid long-term upside in Ottawas competitive multi-residential market. (id:10452)
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Listing courtesy of: RE/MAX HALLMARK REALTY GROUP
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