|
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| Asking Price: |
|
Gross Revenues:
|
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|
|
|
Picture |
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|
Revenue and Expenses Summary |
| Revenues - Residential |
1,243,152$ |
| Revenues - Commercial |
0$ |
| Revenues - Garage/Parking |
0$ |
| Revenues - Laundry |
24,000$ |
| Revenues - Other |
0$ |
| Recovery of Expenses |
0$ |
| Gross Potential Revenues |
1,267,152$ |
|
|
| Vacancies |
31,079$ |
| Gross Effective Revenues: |
1,236,073$ |
|
|
| Total Taxes: |
187,316$ |
| Total Expenses: |
449,835$ |
| Net Revenue: |
786,239$ |
|
|
|
Financial Summary |
| G.R.M. (Gross Rev. Multiplier): |
11.01 |
| N.R.M. (Net Rev. Multiplier): |
17.74 |
| Cost Per Unit: |
79,261$ |
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| Civic Number |
Street |
District |
| 216 - 313D
|
CARTIER BL Ouest
|
LAVAL DES RAPIDES
|
|
Cross Street: |
15E Rue
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General
Information
|
|
Property use: |
Residential |
|
Residential
units: |
176
Units |
|
Commercial units: |
0
Units |
|
Comm.
area size: |
0 |
|
|
|
|
|
|
Features |
| Parking inside: |
|
0 |
| Parking outside: |
|
176 |
| Elevators |
|
0 |
| Common Washers: |
|
0 |
| Common Dryers: |
|
0 |
|
|
|
Building
and Lot |
| Building type: |
Detached |
| Year Built: |
1973 |
| Building Stories: |
3 1/2 |
| Lot Area: |
13304 |
|
|
|
Municipal
Evaluation |
| Year: |
2010-2012 |
| Land: |
2,732,500$ |
| Building: |
6,961,400$ |
| Total: |
9,693,900$ |
|
|
|
Number of
Units |
| Studio(s): |
(1 ½) |
0 |
| Alcove: |
(2 ½) |
0 |
| 1 bedroom: |
(3 ½) |
140 |
| 2 bedrooms: |
(4 ½) |
36 |
| 3 bedrooms: |
(5 ½) |
0 |
| 4 bedrooms & more: |
0 |
| Total nb. of Units: |
176 |
|
|
|
Heating |
| Heating Energy: |
Electricity |
| Heating Type: |
Electric Baseboards |
| Heating Paid By: |
Tenant(s) |
| |
|
| Hot Water Heat: |
Naturel Gas |
| Hot Water Paid By: |
Owner |
| |
|
|
|
| Notes:
|
| *** 11 residential revenue properties comprising 16 units each totalling 176 units (11 x 16 units) - electrically heated by tenants ***
Extremely well built properties with lots of land, Good potential for Condo conversion, each apartment has 2 balconies, Hot Water is paid by owner,
Near Metro Cartier, a minute walk to IGA, Banks, Caisse Populaire and all other services etc, a few minutes access to Montreal;
include high speed internet, 1,200 BTU Heat Pumps / air conditionners, Alarm systems with surveillance etc. which provides an ease to rent apartments ...
Extensive renovations have been done: the roofs, balcony doors (2,000 each), bathrooms, kitchens, flooring etc.
All qualified middle class tenants, excellent collection history, lots of long term tenants and has an enourmous potential for increases of rent !!! |
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