240 Marier, Ottawa, Ontario
Presented By:
Kevin Kitchen
Bilingual Sales Rep
eXp Realty
6137773604
Licensed In: Ontario
C$ Click for current price
Amazing opportunity to own a cash flow positive fourplex(all 1 bed units) in an up and coming neighbourhood! Never a vacancy! 3 of the 4 units have been updated as well as the building itself! Great tenants that pay in a timely manner every month! 69k in gross income!
1) Income – $69,244 ($68325 Rental Income; $919 Laundry Income)
2) Utilities:
a) Enbridge – $1,936
b) Water/Sewer – $1,508
c) Hydro – $5,137 (For all 4 combined – I can get you a breakdown for each if needed, but there are 4 Hydro lines.
d) Rogers – $3,000 (Total for all 4 accounts)
3) Property Taxes 2022: $3,666
4) Insurance – $9,000
5) Repairs/Maintenance – $2,600 (Routine Maintenance, NOT including our capital improvements
**AROUND $27,000 IN EXPENSES FOR OPERATING**
Since October 2020, almost $80,000 in capital improvements including:
1) Unit 2 Renovation to bedroom (2020)
2) Addition of Laundry Room for property (2021)
3) Addition of storage unit for Apt 2 (2021)
4) Unit 3 Renovation including bathroom and addition of storage space (2021)
5) Unit 4 Bathroom Renovation (2023)
6) Outside Improvements to Front and Side of building (2021)
7) Installation of New Furnace (2023)
Let me know if you have any questions!
