Investment Opportunity: 4-Plex in Ottawa's Transforming Neighborhood at an Attractive Price
If you've been searching for a lucrative investment opportunity in the real estate industry, look no further than this enticing listing at 240 Marier Ave, Ottawa. Priced to sell quickly at $859,900, this legal 4-plex is a turnkey property that guarantees cash flow with great tenants. Located just 10 minutes away from downtown, this investment promises convenience and potential growth.
One of the most attractive aspects of this property is its prime location in an area undergoing a full transformation. As the neighborhood improves, the value of this investment is likely to increase as well. With three out of the four units already updated, there's very little work left to be done. This means less hassle for you as the investor and more time to focus on other aspects of your portfolio.
The building consists of four spacious 1-bedroom units, each with its own parking spot and storage area. Tenants already in place have been reliable, consistently paying their rent on time. Furthermore, the rents already include heat, hydro, internet, and cable, with room for potential increases. This feature not only ensures a steady stream of income, but also minimizes the responsibilities and costs associated with managing the property.
Additionally, the property already has paid laundry facilities on site, providing an additional revenue stream. Looking to the future, there is an opportunity for tenants to take on the responsibility of paying for hydro as each unit is equipped with separate meters. This could potentially reduce your expenses even further and increase your overall return on investment.
Notably, three of the four units are due for a rent increase in January, with notices having already been sent out. This means that the potential for even greater cash flow is just around the corner. It's important to note that all showings require a minimum 24-hour notice, ensuring a convenient and respectful process for both tenants and potential buyers.
In summary, this listing at 240 Marier Ave presents an exceptional investment opportunity in Ottawa's evolving real estate market. Priced to sell quickly, this legal 4-plex promises cash flow with great tenants and requires minimal effort from the investor. With an ideal location, potential for rent increases, and the possibility of reducing expenses, this turnkey property is an enticing prospect for any savvy investor. Don't miss out on this chance to secure a valuable addition to your portfolio.
