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 4 units currently all rented and for the past 3 years there has never been a vacancy 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 rented for $1,500; and Apartment B, 3 bedroom approximately 1350 sq ft rented for $1,800. 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:47421)
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Detailed Information
Listing Contract Date
2024-09-17
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Zoning Description
Mixed
Building
Appliances
Refrigerator, Stove, Washer, Dryer
Constructed Date
1954
Construction Style (Attachment)
Detached
Exterior Finish
Vinyl siding
Flooring Type
Hardwood, Laminate
Foundation Type
Concrete, Wood
Heating Fuel
Electric
Heating Type
Baseboard heaters
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
2 Parcels containing 2.471 acres | 1 - 3 acres
Acreage
Yes
Sewer
Municipal sewage system
Size of Irregular Land
2 Parcels containing 2.471 acres
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