340 Lacasse Ave, Ottawa
340 Lacasse Ave, Ottawa
×
38 Photos
- Bedrooms: 6
- Bathrooms: 6
- MLS®: 1370870
- Type: Residential
- Added: 100 days ago
- Type: Residential
- Listed by: Point2
Property Details
Public Remarks:Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cashflow (present return 5.94% cap). It has been extensively renovated and offers tenants a high level of security. Over 500K invested: new 2 storey front + rear covered balcony structures, bldg security, lighting, cameras, intercom, washrooms, kitchens, laundry, added to 5 units, new electrical panels, wiring, unit lighting, appliances, flooring, paint, mailboxes, insulation, roof, secure doors, windows, garage renos +. Quality 6 unit building w 5 x 100% updated 1 bedrm suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure also generates rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed @ 25K would increase return of +$10,680/yr + higher Net Income approx $99,801.00/yr with projected CAP rate 6.65% (buyer to verify). Easy to own & manage bldg!From Vanier Pkwy, east on McArthur, north on Lacasse close to food shopping, transit and main arteries
Best Mortgage Rates
Nearby Places
Similar Houses Stat in Ottawa
340 Lacasse Ave mortgage payment