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240 Marier Ave 240 Marier Ave 5 Unit Apartment Building $587,941 USD ($117,588 USD/Unit) Ottawa, ON K1L 5R1
Investment Highlights
- $150,000 Capital Improvements
- $73,000 Gross Income
- 6 Cap
- Corner Property
Executive Summary
Don’t miss this fourplex (4 x 1 bed) with over $150,000 of capex! Corner property with great curb appeal priced at a 6 cap with over $73,000 gross income and still has room to grow. Metal roof with steel guards and snow barriers, brand new rear stair case, deck as well as front steps and porch, one parking spot with new asphalt and new furnace 2023. Units 2, 3 and 4 have been completely renovated (unit 1 remains dated and requires TLC, yet its rented close to market rates). Coin-operated laundry.
Property Facts
| Price | $587,941 USD | Apartment Style | Low-Rise |
| Price Per Unit | $117,588 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| No. Units | 5 | Building Size | 2,730 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1990 |
| Zoning | R4UA-c - R4UA-c: Residential Fourth Density Zone | ||
| Price | $587,941 USD |
| Price Per Unit | $117,588 USD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,730 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Zoning | R4UA-c - R4UA-c: Residential Fourth Density Zone |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
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240 Marier Ave | 240 Marier Ave
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