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384 Frank St

8 Unit Apartment Building $2,286,585 USD ($285,823 USD/Unit) 3.51% Cap Rate Ottawa, ON K2P 0Y1

Apartment Buildings Ontario Ottawa 384 Frank St, Ottawa, ON K2P 0Y1

INVESTMENT HIGHLIGHTS

  • Newly built (2020)
  • Unbeatable location, within walking distance to downtown, Lansdowne Park, and an array of shops
  • Fully occupied 8-unit apartment building

EXECUTIVE SUMMARY

Newly built and fully occupied 8-unit apartment building in the heart of Centretown, Ottawa. This prime investment opportunity boasts an unbeatable location, within walking distance to downtown, Lansdowne Park, and an array of shops, restaurants, and entertainment, with quick access to the 417 on-ramp. Each modern unit is thoughtfully designed with high-quality finishes, in-unit laundry, and access to a large shared deck, perfect for outdoor relaxation. This low-maintenance, energy-efficient building is ideal for investors seeking a turn-key property. Situated in a highly desirable rental neighborhood, the property is fully occupied with quality tenants.

ATTACHMENTS

Brochure

PROPERTY FACTS

Price $2,286,585 USD Property Subtype Apartment
Price Per Unit $285,823 USD Building Class B
Sale Type Investment Building Size 6,255 SF
Cap Rate 3.51% No. Stories 3
No. Units 8 Year Built 2020
Property Type Multifamily
Price $2,286,585 USD
Price Per Unit $285,823 USD
Sale Type Investment
Cap Rate 3.51%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Building Class B
Building Size 6,255 SF
No. Stories 3
Year Built 2020

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 $1,524 USD -
1+1 2 $1,105 USD -
Studios 2 $909.44 USD -
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Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (80)
Bike Score®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

ZONING

Zoning Code TM[2566] H(12)
TM[2566] H(12)
(613) 604-0610

CONTACT

  • Listing ID: 33624596

  • Date on Market: 10/24/2024

  • Last Updated:

  • Address: 384 Frank St, Ottawa, ON K2P 0Y1

The Downtown Multifamily Property at 384 Frank St, Ottawa, ON K2P 0Y1 is currently available. Contact CLV Group Inc for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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384 Frank St
(613) 604-0610 x

384 Frank St

Dave McGahan

(613) 604-0610

(613) 604-0610

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