85 ST JOHN STREET

Multi-family For Sale in Alfred, Ontario

$2,499,900

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:4069)

Address 85 ST JOHN STREET
List Price $2,499,900
Property Type Multi-family
Area Ontario
Sub-Area Alfred
Lot Size 140.09 ft X 190.78 ft Sq. Ft.
Year Built 2020
MLS® Number 1194431
Listing Brokerage CAPITAL HOMES REALTY INC.
Postal Code K0B1A0
Zoning Multi-Unit

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Wellington St Partners

Capital Homes Realty, Inc.

Office: Kate: (613) 852-7070

Toll Free: Steve: (613) 863-8794

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