CAONOttawa2428-2430 Iris Street
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2428-2430 Iris Street, Ottawa, ON

House

For Sale

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1044

MLS® X13042336

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes $7,559
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13042336

Property Address: 2428-2430 Iris Street, Ottawa, ON, K2C2C6

Average square foot calculated using Size range provided by listing agent.

Description

Fully Legal Four unit property in Parkway Park Absolute Cash Cow! Rare opportunity to own a turn-key legal 4-unit property in a premium investment location close to Algonquin College, College Square, IKEA, transit, and the new LRT. Two side-by-side bungalows, each with a main-floor unit and a legal basement apartment. All completed with permits, soundproofing, separate meters, and independent heating systems. Both basement units are completely renovated (2018) upper Unit 2430 has been fully updated throughout, while 2428 has new kitchen, fresh paint, refinished hardwood flooring, and new interior doors. The property also features new appliances throughout, new furnaces, and a roof re-shingled in 2017 with vents added. Lower units Each offers 2 bedrooms and a Den/ media (sometimes used as another bedroom), 1 full bathroom, a separate side entrance, and is extremely spacious with plenty of potential. Gross annual income exceeds $103, 000, and more then 6% Cap rate. This is an absolute cash cow with fantastic, well vetted tenants and an extremely stable rental stream with virtually no vacancy. Tenants pay heat and hydro; landlord pays only water. Hot water tanks are included. This property is perfect for investors looking to move into one unit and rent the others, or lease all four units for maximum returns. More information, including detailed expenses and net income, is available upon request. Don't miss this high-demand, high ROI opportunity in one of Ottawa's most sought-after areas for rental properties. (id:58753)Show Description
MLS® NumberX13042336
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementApartment in basement, N/A
DrivewayNo Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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$XXX,XXXSold Price
Top Secret
00/00/0000List Date
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  • Commute

Commute

Starting Address
Destination Address
2428-2430 Iris Street, Ottawa, ON

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