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INVESTMENT OPPORTUNITY
Asking Price:
$ 3,450,000
Gross Revenues:  
$ 386,556
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Revenue and Expenses Summary
Revenues - Residential  372,696$
Revenues - Commercial 0$
Revenues - Garage/Parking 7,260$
Revenues - Laundry 6,600$
Revenues - Other 0$
Recovery of Expenses 0$
Gross Potential Revenues 386,556$
Vacancies 11,181$
Gross Effective Revenues: 375,375$
Total Taxes: 34,294$
Total Expenses: 150,773$
Net Revenue: 224,602$
Financial Summary
G.R.M. (Gross Rev. Multiplier): 8.92
N.R.M. (Net Rev. Multiplier): 15.36
Cost Per Unit: 67,647$
Sold Amount:
$ 3,450,000
Sold Date:
2009-09
Civic Number Street District
2065 - DUFF COURT LACHINE

Cross Street:

14E AVENUE / PROVOST  
General Information
Property use: Residential
Residential units: 51 Units
Commercial units: 0 Units
Comm. area size: 0
   
Features
Parking inside: 16
Parking outside: 0
Elevators 1
Common Washers: 8
Common Dryers: 8
Building and Lot
Building type: Detached
Year Built: 1970
Building Stories: 4 1/2
Lot Area: 26400
Municipal Evaluation
Year:  2007-2010
Land:  268,000$
Building:  2,204,000$
Total:  2,472,000$
Number of Units
Studio(s): (1 ½) 4
Alcove: (2 ½) 4
1 bedroom: (3 ½) 16
2 bedrooms: (4 ½) 11
3 bedrooms: (5 ½) 16
4 bedrooms & more: 0
Total nb. of Units: 51
Heating
Heating Energy: Natural Gas
Heating Type: Hot Water
Heating Paid By: Owner
   
Hot Water Heat: Naturel Gas
Hot Water Paid By: Owner
   
Notes:
*** Residential revenue property consisting of 51 units - Concrete construction *** Located at the intersection of Highway 20 and the 14th Avenue exit; near all services, 10 minutes drive to downtown Montreal Very large individual balconies length of building, Many renovations such as: New electronic furnace replaced in 2006; Roof redone in 1996; Windows & doors 3rd & 4th floors have been changed in 2002; Approx. 20 apartments have been renovated, Converted to circuit breaker panels in each apartment. Very good condition !!!