9 unit apartment building in outstanding location
20 Charlotte St, Ottawa, Ontario K1N 8K1
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20 CHARLOTTE ST
List Price
$2,999,000
$22,944 (2020 Tax)
Property Details
MLS® #1250697 |
Property Address20 Charlotte St, |
TypeApartment 5+ Units |
StyleMultiFamily |
Basement– |
Year Built1948 |
Long Frontage51.28 ft |
Lot Depth90 ft |
Numer of Storeys3 |
Number of Units9 |
Description
Outstanding location! Turnkey 9 unit apartment building located a stone’s throw from the Rideau River & within walking distance of Ottawa U, the historical Byward Market, restaurants, shopping, transit, recreation etc. Full concrete & Coreplast exterior, 3/4″ solid core insulation w stucco overlay. Completely upgraded kitchens, baths, flooring, electrical, 50 year membrane roof, boiler, hot water tanks, windows, doors, fire retrofit. 6 three bedroom units all complete with balconies and spacious layouts. 2 two bedrooms and 1 bachelor. Attached garage with 1 parking in the front and 5 spots in the back. Handy shed for garbage and recycling. 2 coin operated washers & dryers. Solid investment with great cash flow, low maintenance & no vacancy rate. All major work has been done, perfect investment to add to your portfolio!
Financial information
| Net Operating Income | $121,389 |
|
Annual Gross Income
|
$172,320
|
|
Operating Costs
|
$50,931 |
|
Other Costs
|
$0 |
Apartment
|
Number of Storeys
|
3 |
|
Total Number of Units
|
9
|
|
Total Parking
|
7 |
|
Number of Elevators
|
0 |
Listing Provided By
Wendy Brown, Royal LePage Performance Realty