Ottawa, ON K1N7S7 422/424 NELSON STREET
$2,250,000
10 more
Presented By: SLEEPWELL REALTY GROUP LTD
Home Details
Fantastic 6.1% CAP 4plex with opportunity to increase cashflow by approx. $33K with 2 permit ready vacant studio spaces. This almost immediate increase in cashflow will increase the value well beyond the capital invested to create the new units. Property operates with 4 never vacant student rentals, 2-4 bed 2 bth, 2-5 bed 2 bth. All suites are tenanted on 1 master lease and not rented by the room. This is a very stable property that has operated under 1 management for 5+ years. The 2 spaces ready for development are at the back of the property and independent of the 4 existing units. Tenants pay all utilities but water. An incredible opportunity to own in the heart of the Sandy Hill neighbourhood. Vacancies are highly sought after by renters due to its central location, and its proximity to the University of Ottawa, the Rideau Canal, parks, shopping & dining. (id:7434)
Presented By: SLEEPWELL REALTY GROUP LTD
Interior Features for 422/424 NELSON STREET
Other Interior Features
Basement DevelopmentPartially finished
Basement TypeFull (Partially finished)
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air
Construction Style AttachmentAttached
Flooring TypeLaminate, Tile
General for 422/424 NELSON STREET
AmenitiesPublic Transit, Recreation Nearby, Shopping
Building Cooling TypeCentral air conditioning
Building TypeFourplex
Building.StoriesTotal2
Lease TypeOther, See Remarks
NeighbourhoodSandy Hill
Parking Space Total4
Property TypeMulti-family
Zoning DescriptionRES
Exterior for 422/424 NELSON STREET
Exterior FinishBrick, Siding
Land Amenities Public Transit, Recreation Nearby, Shopping
SewerMunicipal sewage system
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty