8-Plex For Sale in Gatineau, QC
69 & 71 Rue Papineau
Incredibly Rare 10-Unit Rental Investment!
Attention investors! Discover an unparalleled investment opportunity with these two exceptional properties located in the heart of downtown Hull, just minutes away from downtown Ottawa! This incredibly rare offer features an 8-plex and a duplex, each unit boasting two bedrooms and two bathrooms, with one outdoor parking space per unit.
These properties are high-income producers with a net income of $130,182 and an impressive cap rate of 5.9%. Fully rented and with a history of zero vacancies, these properties benefit from high rental demand, ensuring consistent and reliable income!
Ideally located near many essential services and amenities, including the parliament, highways, shops, restaurants, and the beautiful Ottawa River. This is a rare chance to secure a high-performing investment property in a sought-after area. Don't miss out on this incredible investment property that promises substantial returns and long-term growth. Located in a prime area with consistent rental demand, this is the perfect addition to your real estate portfolio.
For inquiries, please email me at [email protected] or call/text (613) 277-8892.
5.55%
Current Variable Rate6.45%
Current Prime RateProperty Features
Listing ID: 576557
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