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INVESTMENT OPPORTUNITY
Asking Price:
$ 10,150,000
Gross Revenues:  
$ 925,584
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Revenue and Expenses Summary
Revenues - Residential  911,496$
Revenues - Commercial 0$
Revenues - Garage/Parking 8,460$
Revenues - Laundry 5,400$
Revenues - Other 0$
Recovery of Expenses 0$
Gross Potential Revenues 925,356$
Vacancies 36,460$
Gross Effective Revenues: 889,124$
Total Taxes: 145,613$
Total Expenses: 371,489$
Net Revenue: 517,635$
Financial Summary
G.R.M. (Gross Rev. Multiplier): 10.97
N.R.M. (Net Rev. Multiplier): 19.61
Cost Per Unit: 87,500$
Sold Amount:
n/a
Sold Date:
n/a
Civic Number Street District
240 270 - 260 250 Louise RUE St Eustache

Cross Street:

BOILEAU  
General Information
Property use: Résidentiel
Residential units: 116 Units
Commercial units: 0 Units
Comm. area size: 0
   
Features
Parking inside: 0
Parking outside: 116
Elevators 0
Common Washers: 2
Common Dryers: 2
Building and Lot
Building type: Détaché
Year Built: 1974
Building Stories: 3 1/2
Lot Area: 104784.14
Municipal Evaluation
Year:  2017-2019
Land:  1,048,000$
Building:  6,282,000$
Total:  7,330,000$
Number of Units
Studio(s): (1 ˝) 0
Alcove: (2 ˝) 1
1 bedroom: (3 ˝) 29
2 bedrooms: (4 ˝) 80
3 bedrooms: (5 ˝) 6
4 bedrooms & more: 0
Total nb. of Units: 116
Heating
Heating Energy: Électricité
Heating Type: Plinthes Électriques
Heating Paid By: Locataire(s)
   
Hot Water Heat: Électricité
Hot Water Paid By: Propriétaire
   
Notes:
*** Residential Housing Complex consisting of 116 large apartments and one vacant lot (used for parking but can be developped) *** Located near all services; Electric heating paid by tenants, No fridge and stove included in the leases. Has 116 parking spaces and 45 lockers; 2 laundry rooms; parquetttery and hard wood floors; patio doors in every apt (25% replaced). Fiberglass balconies; many bathrooms and kitchens completely redone; aluminium sliding windows, copper and ABS plumbing… The building at 260 Louise has been completely redone following a fire; the roof of the 250 completely redone with elastomere in 2010 and the one at 260 redone in 2005. Can be refinanced at current rates and will sell at a very low cost per door with excellent cash flow …..