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2009-11-21

2009-11-18

2009-11-05

Agriculture

Lifestyles

Thursday, October 01, 2009 11:08 AM

FIRST LOOK: Downtown property has revenue potential

By LINDA BROWN, First Look

Mary Ann

Investors needn’t look any further than this week’s First Look property to expand their holdings portfolio.

Conveniently located in downtown Ottawa, this four-plex has plenty of parking because it’s not on Main Street — but on Walnut Street.

The property has three residential one-bedroom apartments and a retail/commercial space.

The three apartments are all occupied and rent for $400 a month.

The building is sturdy brick and is equipped with central heat and air conditioning.

Each apartment has its own entrance and a rear exit for safety. Each front entrance is covered.

The retail/commercial office space faces Walnut Street and is leased for $500 a month by a reliable and established business.

Utilities are on separate meters and paid by the tenants.

Water is paid by the landlord.

The current arrangements are for a property manager to be paid 10 percent of each rent per month in management fees.

A rear patio allows grilling and other outdoor activities for all tenants.

The income potential versus the listing price makes this a profitable investment right from the start.

Rental property investors never may find a better time to increase their inventory than right now.

For your private first look, contact Mary Ann, a Realtor with Reece & Nichols Town & Country Realty, at (785) 418-4402.

Linda Brown is marketing director for The Ottawa Herald. E-mail her at lbrown@ottawaherald.com.

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FIRST LOOK: Downtown property has revenue potential

By LINDA BROWN, First Look

E-mail this story to a friend | Print this article | Enjoy the convenience of home delivery of The Ottawa Herald.

E-mail this story to a friend | Print this article |
Enjoy the convenience of home delivery of The Ottawa Herald.