ON
Ottawa
K1M0P3
11 & 13 Acacia Avenue
11 & 13 Acacia Avenue, Ottawa, ON K1M0P3
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Listing Type
Multi Family
Listing Status
active
48
$2,275,000

Home Details for 11 & 13 Acacia Avenue

Price
$2,275,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Parking
Days on site
45
Listing #
X12304547
Property Description

Cap Rate = 5.3%. 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. Rent roll for all 6 units available. Finacial statements prepared by accounting firm available, recent survey available. Safe, popular, leafy neighbourhood with many attractive amenties within short walking distance, including Metro, LCBO, Starbucks, Bridgehead, Pet Value, 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:31684)

Property Features
  • Heating Information
    • Baseboard
Listing Courtesy: DIGI BROKERAGE
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EXIT EXCEL REALTY, BROKERAGE
1550 Carling Ave. Suite 204, Ottawa, ON K1Z 8S8
Office
613 822 8999
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