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INVESTMENT OPPORTUNITY
Asking Price:
$ 5,650,000
Gross Revenues:  
$ 570,503
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Revenue and Expenses Summary
Revenues - Residential  556,576$
Revenues - Commercial 0$
Revenues - Garage/Parking 3,750$
Revenues - Laundry 3,500$
Revenues - Other 4,000$
Recovery of Expenses 2,677$
Gross Potential Revenues 570,503$
Vacancies 22,263$
Gross Effective Revenues: 548,240$
Total Taxes: 52,151$
Total Expenses: 156,241$
Net Revenue: 391,999$
Financial Summary
G.R.M. (Gross Rev. Multiplier): 9.90
N.R.M. (Net Rev. Multiplier): 14.41
Cost Per Unit: 68,072$
Sold Amount:
$ 5,300,000
Sold Date:
2016-06
Civic Number Street District
5500 - DE LA SAVANE PL ST HUBERT

Cross Street:

Chemin de la Savane  
General Information
Property use: Résidential
Residential units: 83 Units
Commercial units: 0 Units
Comm. area size:
   
Features
Parking inside: 0
Parking outside: 69
Elevators 0
Common Washers: 4
Common Dryers: 4
Building and Lot
Building type: Détaché
Year Built: 1995
Building Stories: 3.5
Lot Area: 62730
Municipal Evaluation
Year: 
Land:  0$
Building:  0$
Total:  0$
Number of Units
Studio(s): (1 ˝) 62
Alcove: (2 ˝) 21
1 bedroom: (3 ˝) 0
2 bedrooms: (4 ˝) 0
3 bedrooms: (5 ˝) 0
4 bedrooms & more: 0
Total nb. of Units: 83
Heating
Heating Energy: Électricité et Gaz
Heating Type: Plinthes Électrique
Heating Paid By: Propriétaire
   
Hot Water Heat: Électricité et Gaz
Hot Water Paid By: Propriétaire
   
Notes:
*** Residential revenue property consisting of 83 studios (62 single & 21 double) *** Les Résidences de l'Aéronautique in front of l'École Nationale d'Aérotechnique, no transportation required, two minutes walk to the classrooms; Built in 1995, Electric central heating & natural gas paid by the owner. Fridges, Stoves and a few pieces of furniture included (ex. student desk, kitchen counter and blinds). There is a 5 year contract with the Department of National Defence for 41 studios. Always fully occupied, a long waiting list for renting !!!