Apartments FOR SALE


Lanark, ON K0G 1K0
$500,000 CAD
613-236-5959
, Lanark, ON for Sale
$500,000 CAD
Apartments - FOR SALE
1/3
null | 6% Cap Rate


Lanark, ON K0G 1K0


HIGHLIGHTS

  • Excellent investment opportunity
  • Ability to live in one unit and lease the others
  • Located in the growing Lanark County area

OVERVIEW

LANARK 4-PLEX GROSSING $41,780. INDIVIDUAL RENTS ARE (1) $721.11 (2) 1,023.04 (3) $637.53 (4) $1,100- VACANT. EXPENSES; TAXES= $2,510 INSURANCE= $3,520 HYDRO= $600 PROPANE= $1,400 TOTAL EXPENSES= $8,030/YEARLY. NET OPERATING INCOME= $33,750 STEEL ROOF, ALL TENANTS PAY THEIR OWN HYDRO/HEAT, PROPANE HOT WATER TANK, FULL BASEMENT FOR STORAGE, COPPER WIRING W/BREAKER PANELS, NEWER WATER PRESSURE TANK, HARDWOOD FLOORS, LANARK HAS THE HIGHEST RETURN ON INCOME PROPERTIES IN LANARK COUNTY, LOCATED JUST 45 MINUTES FROM DOWNTOWN OTTAWA, 10 MILES NORTH OF PERTH, 20 MINS WEST OF CARLETON PLACE, LANARK HAS A PIZZERIA & CHIPSTAND(S) & GROCERY STORE & GAS STATION & LIBRARY & TOWNHALL, MORE & MORE OTTAWA BUYERS ARE BUYING IN LANARK DRIVING PRICES UP, BUY BEFORE VALUES SKYROCKET.

FOR SALE DETAILS

PRICE

$500,000 CAD

PRICE/SF

$167 CAD /SF

# OF UNITS

4

PRICE/UNIT

$125,000

CAP RATE

6%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brad ClossRe/Max Hallmark Realty GroupMore Info
613-236-5959

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Brad ClossRe/Max Hallmark Realty GroupMore Info
613-236-5959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.