244 Hannah Street, Ottawa, K1L7N2

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Description

Fantastic Investment opportunity with a STRONG CAP RATE! Legal duplex on a large 50x100 ft lot with R4UA-c zoning. Strong rental income with Gross Operating Income of $55,500/year. Unit 1: 3 bed/1 bath rented at $1,925/month (plus hydro). Unit 2: 4 bed/4 bath rented at $2,700/month (all inclusive). Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 250, 256, and 258 Hannah also available, combine for total lot size of 180x100 ft -- (18000 Sq.Ft. ). Own the block, collect the income, and control the future. Great upside in an evolving neighbourhood. Property is being sold "as-is, where is". No warranties or representations from the seller. (id:39198)

46 days

On Market

Multi-family

Property Type

$4,952 / Year

Est. Taxes

Duplex

Style

-

Garage

Crawl space

Basement

Location & Areas