338 OLMSTEAD STREET , Ottawa

$799,000 / MLS® Listing #:1228735

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Keep as an 8 unit and develop later using the CASH FLOW for the Development costs!!!! PERFECT for a long-term investor and someone who wants to build in 10 years - ZONING CODE is R4UA-c !!! FIRE RETROFIT and fire prevention system installed. Across the street from a school and a short walk to two grocery stores, public transit, and parks. INVESTMENT OPPORTUNITY... This is an 8-UNIT (3 units confirming and 5 non-confirming) APARTMENT Building. All units are self-contained with their own bathroom (8 total) and kitchen (8 total). Current owner for 30 years. Looking to retire. There are 2-2bedrms, 1-1bedrm, 5 bachelors with a Net Operating Income of $54,784.00/yr (not incl Maintenance and Mgmt). LOTS to offer here at an UNBEATABLE Return on Investment! Seller is looking for buyers with 30% downpayment+, CASH BUYERS preferred. ***Please drive by/walk the outside BEFORE booking a viewing to the inside; to respect and not disturb the tenants.*** RENT ROLL AVAILABLE - no seller financing (id:10452)

Property Details

Property Type Vacant Land
Square Feet
Maintenance N/A
Days On Our Website 42
Basement
Kitchens
Lot Dimensions 0.08 ac
Pool N/A
Area Ottawa
Air Conditioning N/A
Heating
Exterior
Sewers Municipal sewage system
Water Municipal water

Listing Office: RE/MAX HALLMARK REALTY GROUP



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