11-1,2,3; 13-1,2,3 - 11 & 13 ACACIA AVENUE, Ottawa, ON K1M0P3
11-1,2,3; 13-1,2,3 - 11 & 13 ACACIA AVENUE, Ottawa, ON K1M0P3
11-1,2,3; 13-1,2,3 - 11 & 13 ACACIA AVENUE, Ottawa, ON K1M0P3
11-1,2,3; 13-1,2,3 - 11 & 13 ACACIA AVENUE, Ottawa, ON K1M0P3
11-1,2,3; 13-1,2,3 - 11 & 13 ACACIA AVENUE, Ottawa, ON K1M0P3
11-1,2,3; 13-1,2,3 - 11 & 13 ACACIA AVENUE, Ottawa, ON K1M0P3
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Maha Shahbazian

Maha Shahbazian

+1(613) 862-6242
$ 2,150,000
Est. payment | /mo

4,200 SqFt

Save
$ 2,150,000
Est. payment | /mo
Save

4,200 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 4200

Square Footage 4,200 sqft

Price per Sqft $511

Subdivision 3302 - Lindenlea

MLS® Listing ID X13008696

Property Description

Cap Rate = 5.6%. Fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. New bathrooms and kitchens w quartz countertops, new flooring, fridges, dishwashers, washer-dryers, microwaves and hot water tanks in all units in winter of 2021. New wiring and plumbing throughout. Building fully occupied with young professionals. Average lease length of 2 years, creating ample opportunity to increase rents to market value without additional capital improvements. Annual gross income of $143k. NOI of $121k. Electric heat, separate meters for each unit, tenants pay hydro. Two 1 bedroom garden-level walkout units with their own green space. Two 1 bedroom 1st floor units with private, west facing decks. Two 1 bedroom and den 2nd story units with private, east facing decks. Units rent from $1,800/ month to $2,200/month. Parking for 6 cars in adjacent lot, also for sale separately or combined. (See MLS: 13010148) Rent roll for all 6 units available. Recent survey available. Safe, popular, leafy neighbourhood with many attractive amenties within short walking distance, including Metro, LCBO, Starbucks, Bridgehead, Pet Value, vet clinics, restaurants and specialty shops. Bike and jogging paths, and winding, secluded streets of Rockliffe Park only a stones throw away. Great location and excellent investment opportunity. (id:24570)

Location

State ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

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Maha Shahbazian

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+1(613) 862-6242

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11-1,2,3; 13-1,2,3 - 11 & 13 ACACIA AVENUE