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Centretown Multifamily – 3 Door Row

Super Centretown Investment — Three-door row with 8 units

228, 230 & 232 Arlington Avenue

$1,899,900  NOW: $1,749,900

Lot 59’x66′. Sold together.

Many updates (roof, decks, kitchens, baths, etc).

Coin-op laundry.

228-230 Arlington has six hydro meters, baseboard electric heating + separate HWTs. Most tenants pay own hydro.

232 Arlington has a forced air gas furnace with central air and two hydro meters.

Good unit mix: Four 2-bedroom, two 1-bed + den, two 1-bedroom.

High ceilings and lots of character — original trim, hardwood, etc..

Skylights.

Membrane roof in 2018.

Easy to manage, great tenants. Upside potential.

If you have been looking for an investment that doesn’t require immediate attention, but still has upside potential, then could be the property.

Long term land assembly or increased density may be an option for buyer to investigate.

The Numbers:

Gross Income 2021: $105,924 + coin op laundry.

Expense 2020:

Property Taxes: $15,074

Insurance:  $8,147

Gas: $1,471

Electricity: $4,167

Water/Sewer: $3,877


Be sure to contact Dan for more info, 613-233-2323

Miscellaneous

· Lot Size: 58.99′ x 66.0′
· Appliances included
· Hot Water Tanks included
· Deck partial replacement 2021, roof 2018

Various In-Unit Photos:


Check out my Testimonials Page and Google Reviews

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