About 64 Delaware Avenue
PROJECTED 5.37% CAP RATE AT $2,100,000. 64 Delaware Avenue: fully furnished, restored 5-plex in Ottawa's sought-after Golden Triangle. Projected annual gross income of $143,100 and NOI of $112,807, based on the following pro forma: 1 x two-bedroom suite at $2,700/month, 4 x one-bedroom suites at $2,150/month, plus $7,500/year from 5 parking spaces. Apartment rents total $11,300/month or $135,600/year. Deducting 3% vacancy/collection loss ($4,293), property taxes ($16,000), insurance ($5,000) and general maintenance ($5,000) yields the projected NOI above. Currently vacant, offering the opportunity to establish new tenancies at market-supported rents. Extensive updates, furnished suites and preserved architectural character complement this central location near the Rideau Canal, Elgin Street, shops and restaurants. Income figures are projections, not an existing rent roll. Cap rate is before financing; additional owner-paid utilities, management and replacement reserves are excluded. Buyers to verify achievable rents and complete operating costs. (id:6289)
More Info on this 4104 - Ottawa Centre/Golden Triangle MLS® listing
64 Delaware Avenue is a listing for sale in Ottawa. The MLS® number is X13869724. It covers 3,453 square feet. It's currently listed for $2,100,000. For more details on MLS® X13869724, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in 4104 - Ottawa Centre/Golden Triangle is available now!
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