14 Ottawa Avenue

About This Property

If you are looking for a property with positive cash flow and a great amount of potential for further development, then look no further than 14 Ottawa Avenue! This property has 3 units currently rented and the 4th is undergoing repairs, however, for the past 5 years there has rarely been a vacancy of those 3 units for longer than 2 weeks. All units are electric heated with hot water radiation, include a fridge, stove and microwave, and some furnishings. The owner pays utilities for the units and collects rent monthly. The 1st floor has 2 units, Apartment A, 2 bedroom, approximately 550 sq ft and have rented in the past for $1,500; and Apartment B, 3 bedroom approximately 1350 sq ft and has been rented in the past for $1,800 (currently vacant for repairs). These units share a common area and a laundry room. The 2nd floor also has 2 units, Apartment C, 3 bedrooms with laundry and approximately 1500 sq ft rented for $1,000, and Apartment D a 1 bedroom with laundry approximately 750 sq ft rented for $900. BONUS is the currently vacant heated garage with drive-in access measuring approximately 1500 sq ft. The owner has had a property manager there daily to oversee any issues and all maintenance inside and outside. 2ND BONUS is potential revenue via the large undeveloped land that is cleared and all fenced with chain link. (id:65619)

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