229 Elgin Street, Arnprior
229 Elgin Street, Arnprior
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29 Photos
- MLS®: 1372668
- Type: Townhouse
- Added: 114 days ago
Property Details
Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. This property has been well-maintained and brought up to date over the years. Everything is tenanted, all units are turn key. The Building is well appointed on a 71’ X 101’ Lot with 10 designated parking spots. Recent upgrades include Roof, Basement Spray Foam, Furnace and Fire Sprinkler System. Ideal property for a value-add investor as this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at a 7.6% cap rate. (id:1945)
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Property Information
- Sewer: Municipal sewage system
- Cooling: None
- Heating: Forced air, Natural gas
- List AOR: Ottawa
- Stories: 2
- Tax Year: 2023
- Basement: Unfinished, Cellar
- Flooring: Tile, Laminate, Wall-to-wall carpet, Mixed Flooring
- Utilities: Fully serviced
- Year Built: 1930
- Current Use: Development residential
- Lot Features: Corner Site, Flat site
- Photos Count: 29
- Water Source: Municipal water
- Parcel Number: 573060232
- Parking Total: 10
- Structure Type: Fourplex
- Parking Features: Surfaced
- Road Surface Type: Paved road
- Tax Annual Amount: 3891
- Exterior Features: Brick, Siding
- Existing Lease Type: Other, See Remarks
- Foundation Details: Stone, Poured Concrete
- Lot Size Dimensions: 70.8 ft X 101.2 ft
- Zoning Description: 5 Plex
- Number Of Units Total: 5
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