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INVESTMENT HIGHLIGHTS
- Excellent investment opportunity
- Located in the growing Lanark County area
- Ability to live in one unit and lease the others
EXECUTIVE SUMMARY
LANARK 4-PLEX GROSSING $41,780. INDIVIDUAL RENTS ARE (1) $721.11 (2) 1,023.04 (3) $637.53 (4) $1,100- VACANT. EXPENSES; TAXES= $2,510 INSURANCE= $3,520 HYDRO= $600 PROPANE= $1,400 TOTAL EXPENSES= $8,030/YEARLY. NET OPERATING INCOME= $33,750 STEEL ROOF, ALL TENANTS PAY THEIR OWN HYDRO/HEAT, PROPANE HOT WATER TANK, FULL BASEMENT FOR STORAGE, COPPER WIRING W/BREAKER PANELS, NEWER WATER PRESSURE TANK, HARDWOOD FLOORS, LANARK HAS THE HIGHEST RETURN ON INCOME PROPERTIES IN LANARK COUNTY, LOCATED JUST 45 MINUTES FROM DOWNTOWN OTTAWA, 10 MILES NORTH OF PERTH, 20 MINS WEST OF CARLETON PLACE, LANARK HAS A PIZZERIA & CHIPSTAND(S) & GROCERY STORE & GAS STATION & LIBRARY & TOWNHALL, MORE & MORE OTTAWA BUYERS ARE BUYING IN LANARK DRIVING PRICES UP, BUY BEFORE VALUES SKYROCKET.
PROPERTY FACTS
| Price | $358,187 USD | Apartment Style | Low-Rise |
| Price Per Unit | $89,547 USD | Building Class | C |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2000 |
| Property Subtype | Apartment |
| Price | $358,187 USD |
| Price Per Unit | $89,547 USD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2000 |
AMENITIES
SITE AMENITIES
- Controlled Access
- Smoke Free
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Lanark, ON K0G 1K0
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