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INVESTMENT OPPORTUNITY
Asking Price:
$ 2,675,000
Gross Revenues:  
$ 318,240
Picture
    
Revenue and Expenses Summary
Revenues - Residential  306,840$
Revenues - Commercial 0$
Revenues - Garage/Parking 6,000$
Revenues - Laundry 5,400$
Revenues - Other 0$
Recovery of Expenses 0$
Gross Potential Revenues 318,240$
Vacancies 12,574$
Gross Effective Revenues: 305,666$
Total Taxes: 24,867$
Total Expenses: 127,159$
Net Revenue: 178,507$
Financial Summary
G.R.M. (Gross Rev. Multiplier): 8.41
N.R.M. (Net Rev. Multiplier): 14.99
Cost Per Unit: 49,537$
Sold Amount:
$ 2,500,000
Sold Date:
2010-04
Civic Number Street District
1440 - HENRI BOURASSA BL E AHUNTSIC

Cross Street:

OLYMPIA / CHRISTOPHE-COLOMB  
General Information
Property use: Residential
Residential units: 54 Units
Commercial units: 0 Units
Comm. area size: 0
   
Features
Parking inside: 10
Parking outside: 0
Elevators 1
Common Washers: 2
Common Dryers: 2
Building and Lot
Building type: Detached
Year Built: 1968
Building Stories: 5
Lot Area: 7062
Municipal Evaluation
Year:  2007-2010
Land:  251,800$
Building:  1,462,200$
Total:  1,714,000$
Number of Units
Studio(s): (1 ½) 16
Alcove: (2 ½) 0
1 bedroom: (3 ½) 38
2 bedrooms: (4 ½) 0
3 bedrooms: (5 ½) 0
4 bedrooms & more: 0
Total nb. of Units: 54
Heating
Heating Energy: Electricity
Heating Type: Hot Water
Heating Paid By: Owner
   
Hot Water Heat: Naturel Gas
Hot Water Paid By: Owner
   
Notes:
*** Corner residential revenue property consisting of 54 units *** Located near parks and all services; Over $650,000 of renovations have been done including $400,000 invested in 2009 following a fire: Windows 2003 ($60,000); All the balconies 2003 ($65,000); Roof 2009 ($30,464); Plumbing 2006-2009 ($16,000); Elevator 2004 ($50,000); Braker panels in apartments 2007 ($14,000); Fire alarm system 2004-2009 ($30,000); Approximately 20 apts have been completely renovated following the fire, hallways, etc. A real beauty !!!