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March 24, 2018
$549,900 For Sale
1405 MAYVIEW AVENUE, Ottawa, Ontario, Canada, K1Z8H6
6 + 3
CASH FLOW POSITIVE. . . over 6% cap rate! Very efficient building. Zoned R3F. This ALL-BRICK Duplex with accessorary dwellings is sure to please either A) A person who wants to live close to WESTBORO and DOWNTOWN and have the tenants pay your mortage. . . OR. . . B) A buy, hold and improve investor. Needs TLC and some upgrades and seller is priced to sell as is. ELECTRIC heat, municipal water and sewer. The MAIN FLOOR UNIT is a 3 bedrm 1 bath rented for $1150+hydro w/ hardwood floors and front and back entrance (NEW TENANT - Mar 1/18). SECOND FLOOR UNIT is a 3 bedrm 2 full bath unit rented under value at $950+hydro but can be raised in the future, tenant has been there 10+ years. Accessory Basement has an income of $1780. Rent increase not applied yet. Coin Laundry in basement brings about $1200/yr. Great income for under $550k! To book a viewing give 48hrs notice for all tenants. Earn a great RETURN ON YOUR INVESTMENT today! (id:5856)
Listing Contracted With: RE/MAX HALLMARK REALTY GROUP
(Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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