85 ST JOHN STREET , Alfred

$2,499,900 / MLS® Listing #:1194431

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Attention Investors! BRAND NEW, 3-STOREY, 12 UNIT BUILDING. 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. & FULLY LEASED on closing! Conveniently located in the growing town of Alfred just east of Ottawa. 12 modern units with a mix 1, 2, & 3 bedroom units. Efficient hot water boiler system. ERV's (energy recovery) in each unit, 13 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. Income generating Laundry facilities with coinamatic card operated machines. Located a short distance to schools, grocery stores, shopping, & medical offices. Expenses are estimated based on similar completed buildings. OWN THIS BRAND NEW ASSET TODAY! (id:10452)

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Property Details

Property Type Multi-family
Square Feet
Maintenance N/A
Days On Our Website 85
Basement
Kitchens
Lot Dimensions 140.09 ft X 190.78 ft
Pool N/A
Area Alfred
Air Conditioning N/A
Heating Natural gas - Hot water radiator heat
Exterior Brick
Parking Spaces 25
Sewers Municipal sewage system
Water Municipal water

Listing Office: CAPITAL HOMES REALTY INC.



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