$1,600,000

18plex for sale - Saint-Jean-sur-Richelieu (Saint-Jean-sur-Richelieu)

$1,600,000

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$1,600,000

18plex for sale - Saint-Jean-sur-Richelieu (Saint-Jean-sur-Richelieu)

$1,600,000

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55 Rue Frontenac, Saint-Jean-sur-Richelieu (Saint-Jean-sur-Richelieu), J3B 2Y3

Building of 18 apartments having benefited from almost total renovations! Among other things: all the plumbing and all the electricity have been redone, new windows and doors, new French drain and waterproof membrane, all the bathrooms redone with new showers, toilets and sinks, all the divisions in the apartments and corridors redone, new washer and dryer, wifi camera surveillance system, etc. Roof is in good condition. ******* BALANCE OF SALE AND PRIVATE FINANCING AVAILABLE *******

  • Lot area: 7,610 SF
  • NUMBER OF ROOMS : 0
  • Year built : 1945
MICHEL BOUCHARD
Certified real estate broker
Building details and property interior
Particularities plusParticularities minus

31'2" X 41'6"

1945

4,348.62 SF

PVC

Guillotine

Brick

Asphalt shingles

Addenda
Particularities plusParticularities minus

******* DO NOT MISS THIS OPPORTUNITY *******

Rare on the market, a turnkey property providing you with a POSITIVE cash flow. In order to facilitate management, a wifi surveillance camera system, accessible remotely, is installed. A tenant also acts as concierge.

As of February 13, 2023, all units are rented. An occupancy agreement is signed by each of the tenants as well as a building rules and regulations. The owners do not accept any discrepancy, which offers a friendly living environment for the tenants.

UNMATCHED FINANCIAL RATIOS
[] Down payment for financing: approximately $450,000
[] Cap Rate: 7.0%
[] ROI: 10.8%
[] NIM: 14.2
[] GIM: 10.4
[] Cash on Cash: 6.6%

For more financial details, please consult the financial analysis in the attached documents.

Expenses related to Maintenance and Management are harmonized with CMHC standards. Janitor expenses are the actual one.


******* VENDOR IS OPEN TO A BALANCE OF SALE AND PRIVATE FINANCING *******

Building details and property interior
Particularities plusParticularities minus

31'2" X 41'6"

1945

4,348.62 SF

PVC

Guillotine

Brick

Asphalt shingles

Lot and exterior features
Particularities plusParticularities minus

49' X 155'1" Irregular

7,610.08 SF

Unpaved

Driveway : 6

Residential

Characteristics
Particularities plusParticularities minus

Electric baseboard units

Electricity

Municipality

Municipality

Included & Excluded
Particularities plusParticularities minus

All apartments have the following inclusions: microwave, mini-fridge, small 2-burner stove, Murphy bed. One set of coin-operated washer and dryer located in the laundry room. Surveillance camera system.

Not specified

Financial details
Particularities plusParticularities minus
Assessment (2022)
Taxes
  • (2022)
  • (2022)
Gross yearly revenu (potential)
Annual Expenses
Energy
55 Rue Frontenac, Saint-Jean-sur-Richelieu (Saint-Jean-sur-Richelieu), J3B 2Y3
NEIGHBOURHOOD STATISTICS
  • Statistics Person living alone
  • Statistics Families with children
  • Statistics Families with no children
  • 27.8%
  • 25.8%
  • 19.8%
  • 12.9%
  • 13.7%
  • 7.4%
  • 5.8%
  • 11.5%
  • 75.2%
  • 0.0%
UnilingualFrenchUnilingualEnglishBilingual(fr/en)Other 0% 10% 20% 30% 40% 50% 60% 70% 80% 90%100%
  • Statistics Household
  • Statistics Individual
  • Statistics Owners
  • Statistics Renters
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MICHEL BOUCHARD
Certified real estate broker

MORTGAGE PAYMENTS CALCULATOR

Financial details

Assessment (2022)
Taxes
  • (2022)
  • (2022)
Gross yearly revenu (potential)
Annual Expenses
Energy
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My name is MICHEL BOUCHARD, RE/MAX real estate broker. How may I help you?

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