2870 Colonial Rd
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2870 Colonial Rd
5 Unit Apartment Building $440,771 USD ($88,154 USD/Unit) 6.45% Cap Rate Ottawa, ON K0A 3E0
Investment Highlights
- This 5-plex offers tremendous potential for real estate investors
- Each apartment offers its own parking & outdoor storage
- Situated minutes to Orleans & Navan
Executive Summary
Welcome to an exceptional investment opportunity that you won't want to miss! This 5-plex offers tremendous potential for real estate investors with multiple units currently renting below market value, this property presents an exciting chance to increase returns & maximize profitability. Situated minutes to Orleans & Navan, this 5-plex boasts 3 two-bedroom apartments & 2 one-bedroom apartments & with a consistently full occupancy rate, ensuring a steady stream of rental income for savvy investors. Each apartment offers its own parking & outdoor storage, enhancing the overall appeal for potential renters. 4 individual electrical meters for convenience & control. The landlord currently covers electricity for the common areas and apartments 4 and 5. This is your chance to capitalize on a promising real estate investment that promises consistent returns and long-term growth. Don't let this opportunity slip away - schedule a viewing now and seize the potential that awaits at this 5-plex!
Financial Summary (Actual - 2023) |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$41,091
|
$20.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$41,091
|
$20.55
|
| Taxes |
$2,776
|
$1.39
|
| Operating Expenses |
$9,872
|
$4.94
|
| Total Expenses |
$12,648
|
$6.32
|
| Net Operating Income |
$28,443
|
$14.22
|
Financial Summary (Actual - 2023)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $41,091 |
| Annual Per SF | $20.55 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $41,091 |
| Annual Per SF | $20.55 |
| Taxes (USD) | |
|---|---|
| Annual | $2,776 |
| Annual Per SF | $1.39 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $9,872 |
| Annual Per SF | $4.94 |
| Total Expenses (USD) | |
|---|---|
| Annual | $12,648 |
| Annual Per SF | $6.32 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $28,443 |
| Annual Per SF | $14.22 |
Property Facts
| Price | $440,771 USD | Apartment Style | Low Rise |
| Price Per Unit | $88,154 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 6.45% | Building Size | 2,000 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Price | $440,771 USD |
| Price Per Unit | $88,154 USD |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 2,000 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 3/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 2 | - | - |
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2870 Colonial Rd
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