52 Madawaska St

Stacked Duplex in the heart of bustling Arnprior with estimated Income of 40K! A stones throw away to all of downtown’s amenities. Both units are in turn-key condition. The first level is a spacious 2 bedroom, 1 bath unit with both front and rear entry, currently tenanted for $1500/mo. Upstairs unit is a large 1 bedroom, 1 bath unit and is currently vacant, expected market rent would be $1800-$2000/mo plus utilities. Both Units are separately metered, new furnace (2024) for main level and new heat pump (2024) for upper unit. If you’re in the market you don’t want to miss out on this one. Includes 4 Parking spots at the back. Zoning is M/CU (mixed use commercial residential) which is the best zoning that you can have in Arnprior and permits a wide range of uses. Expected 7.5% cap rate at the current numbers. (id:54626)