Property Details

85 ST JOHN ST – ALFRED 12-UNIT MULTI-FAMILY

  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE
  • 85 ST JOHN ST - ALFRED MULTI UNIT - OTTAWA REAL ESTATE

For Sale $2,499,900  
Listing price:
$2,499,900
Units:
12 RES UNITS 
Unit Breakdown:
2 x 3bedroom, 9 x 2bedroom, 1 x 1bedroom
Year Built:
2020 –  COMPLETION JULY 1, 2020
Style:
3 STOREY WITH ELEVATOR
Garage/Parking:
25 OPEN PARKING SPOTS + VISITOR PARKING
Rents:
$15,260/MONTH  =  $183,120/YEAR                                     + LAUNDRY INCOME OF $4800   =  $187,920/YEAR
Features:
ELEVATOR, HOT WATER HEATING, 12 HYDRO METERS, COIN LAUNDRY
 Lot Size:
140′ X 190′

 

PROPERTY DETAILS:

  • INCOME:
  • UNITS  
    • 9 X 2BEDROOM UNITS RENTED AT $1275/MONTH
    • 2  X  3BEDROOM UNITS RENTED AT $1395/MONTH
    • 1  X  1BEDROOM UNIT RENTED AT $995/MONTH
  • TOTAL RENT
    • $15.260 / MONTH
    • $183,120 / YEAR
  • OTHER INCOME
    • LAUNDRY  =  $4,800/YEAR
  • TOTAL INCOME
    • $187,920 / YEAR

 

  • EXPENSES (PROJECTED):
    • PROPERTY TAX             –  $17,500 / YEAR
    • INSURANCE                     –  $4,782 / YEAR
    • WATER & SEWER          –  $ 3,500 / YEAR
    • HEAT                                   – $3,200 / YEAR
    • MANAGEMENT                – $5,695 / YEAR
    • HYDRO                                – $2,200 / YEAR
    • ELEVATOR                         – $2,200 / YEAR
    • SNOW & LANDSCAPE    – $11,520 / YEAR
    • CAMERA & SECURITY   – $1,152 / YEAR
    • OTHER                                 – $4,034 / YEAR
    • TOTAL                                   – $55,783 
  • ESTIMATED NET OPERATING INCOME:
    • $132,137 / YEAR
    • CAP RATE :  5.2%

 

  • INCLUSIONS:
    • 12 FRIDGES
    • 12 STOVES
    • 12 HOOD FANS
    • 12 DISHWASHERS

 

 Full 3D tour and additional photos at this link:   3D TOUR – 85 ST JOHN, ALFRED

 

ATTENTION INVESTORS!

BRAND NEW BUILDING –  FULLY LEASED!  3 storey multi-family property.  12 UNIT built by a PREMIUM BUILDER with a successful portfolio!! Immediate CASH FLOW with an estimated 5.2% CAP RATE.    Completed as of July 1, 2020.

Conveniently located in the growing town of  Alfred  just east of Ottawa.   2 Blocks from the main street with plenty of restaurants, shops, medical clinics, and schools.

12 modern units with a mix 1, 2, & 3 bedroom units. Efficient hot water boiler system. ERV’s (energy recovery) in each unit, 12 hydro meters (tenants pay in-unit hydro costs),   ELEVATOR,   25 parking spots incl. visitor and disabled parking, 40-year fiberglass shingles.  Each apartment will be equipped with a fridge, stove, & dishwasher.

Great management team in place willing to stay on as manager.    Income generating Laundry facilities with coinamatic card operated machines.  Located a short distance to grocery stores, shopping, & and the main strip.   Expenses are estimated as the building is newly completed and operational.  OWN THIS BRAND NEW ASSET TODAY!

Contact Chris today for more info on this excellent opportunity.

 

CHRIS STEEVES

Sales Representative. Residential & Commercial.
Capital Homes Realty
217 – 1419 Carling Ave, Ottawa, ON
Office: 613 744 0356

Visit our website:
WWW.CHRISSTEEVES.CA
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Agent Chris Steeves

CHRIS STEEVES - OTTAWA REALTOR
  • Office : 613 744 0356
  • Mobile : 613 262 1697

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