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Listed by BlueKey Realty Inc.
$649,900
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1283147
Originating Board NLAR
Year Built 1954
Annual Tax Amount $2,774
Lot Dimensions 2 Parcels containing 2.471 acres
Property Description
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.
Location
Province NL
Zoning Mixed
Interior
Heating Baseboard, Electric
Cooling Baseboard, Electric
Inclusions 4 fridges; 4 stoves; 4 microwaves; 3 washers and 3 dryers. Miscellaneous furnishings.
Equipment None
Exterior
Roof Type Shingle - Asphalt
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