Fully renovated quadruplex in 2022, ideally located near Ottawa and within walking distance of the Université du Québec. The units are spacious, similar in size to condos, each featuring 2 bedrooms. The current rental income is impressive, with potential for further increases. Thanks to its prime location, these units are incredibly easy to rent. Don't miss this exceptional opportunity to invest in a strategically positioned property!
Sale without legal warranty of quality, at the buyer's risk and peril.
2022 Renovations: The building underwent major renovations in 2022, including:
* Exterior doors and windows * Balconies and exterior stairs * Exterior siding * Flooring in all 4 apartments * Lighting fixtures and electrical updates in all 4 apartments * Replacement of 3 out of 5 electrical panels * Electric baseboards in all 4 apartments * Replacement of all plumbing fixtures and plumbing updates in all 4 apartments * Kitchens in all 4 apartments * Bathrooms in all 4 apartments * Painting in all 4 apartments * Interior doors and moldings in all 4 apartments * Replacement of the sump pump
Income and Potential: The current rental income of the building is already excellent ($84,240), but there is potential to increase rents during future lease renewals thanks to recent renovations and high rental demand in the area.
Unit Features: Each two-bedroom apartment is designed to maximize space. Modern kitchens, spacious bathrooms, and open living areas make these units highly attractive to tenants. Additionally, each unit has hookups for a washer and dryer--an important advantage for future occupants.
Prime Location: Close to Ottawa and within walking distance of the Université du Québec, this building is perfect for students, young professionals, or families. The area also benefits from easy access to public transit, bike paths, and major roads, making the location even more appealing.
Ease of Renting: With modern renovations, spacious units, and a strategic location, this building rents quickly and easily. The low vacancy rate in the area makes it an excellent opportunity for investors seeking stable returns.