365 WATER STREET , Plantagenet

5 Bed / 3 Bath / $109,900 / MLS® #:1160386

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CASHFLOW DUPLEX with Double Car Garage, no rear neighbors and Gorgeous WATERVIEW of South Nation River! Gross income - $20,160. Expenses - $11299.40 = $8860.60 current NOI. Cap rate - 8.05%. Needs TLC and some cosmetic work but all in all, where will you get a $110k investment backing on the water with a 8% cap rate??!! Or LIVE-IN A BIG HOUSE AND RENT A SEPARATE UNIT. MUNICIPAL WATER + SEWER. Detached mainly brick multi-unit has 2 units (4 bedrm - $1200, One bedroom - $480). FULLY RENTED - month to month. Tenants pay NO utilities - rent is all-inclusive. In between OTTAWA and MONTREAL. Newer Metal Roof and the roof to the addition, Radiant heat Natural Gas Furnace recent. One bedroom is an addition and is electric heated. Some windows upgraded. Own this investment + make $$ today. Easy to run, turnkey investment, as tenants want to stay! ** TLC: paint, some drywall, some windows, and maybe some new siding or at least siding pain, plumbing and bathrooms and kitchen updates. (id:10452)

Property Details

Property Type House
Square Feet
Maintenance N/A
Days On Our Website 13
Basement Unfinished - Crawl space (Unfinished)
Kitchens 2
Lot Dimensions 83.82 ft X 105.6 ft
Pool N/A
Area Plantagenet
Air Conditioning None
Heating Natural gas, Electric - Baseboard heaters, Hot water radiator heat
Exterior Brick, Siding
Parking Spaces 4
Parking Type Detached garage,Shared
Sewers Municipal sewage system
Water Municipal water


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