$1,600,000
18plex for sale - Saint-Jean-sur-Richelieu (Saint-Jean-sur-Richelieu)
$1,600,000
$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
Building details and property interior
31'2" X 41'6"
1945
4,348.62 SF
PVC
Guillotine
Brick
Asphalt shingles
Addenda
******* 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
31'2" X 41'6"
1945
4,348.62 SF
PVC
Guillotine
Brick
Asphalt shingles
Lot and exterior features
49' X 155'1" Irregular
7,610.08 SF
Unpaved
Driveway : 6
Residential
Characteristics
Electric baseboard units
Electricity
Municipality
Municipality
Included & Excluded
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
Assessment (2022)
Taxes
- (2022)
- (2022)
Gross yearly revenu (potential)
Annual Expenses
Energy
NEIGHBOURHOOD STATISTICS
-
27.8%
-
25.8%
-
19.8%
-
12.9%
-
13.7%
-
7.4%
-
5.8%
-
11.5%
-
75.2%
-
0.0%
MORTGAGE PAYMENTS CALCULATOR
- These online tools were created to help you plan and achieve your goals, and to answer your housing questions. They are for personal use only.
- The results are based on the information you enter. Please contact your caisse advisor for more specific advice, for if you would like to apply for a loan or pre-approval.
-
Calculations are made using the following basic assumptions:
- The mortgage interest rate stays the same throughout the amortization period.
- The results of this calculator are estimates based on the general information you’ve entered. They can change depending on your financial situation and budget when the loan is granted.
- Note: This tool is intended to help you calculate and optimize your payments on a current mortgage loan, or one you are considering. These rates do not include any life or disability insurance. They are subject to change without notice. Some conditions apply.
Financial details
Assessment (2022)
Taxes
- (2022)
- (2022)
Gross yearly revenu (potential)
Annual Expenses
Energy
My name is MICHEL BOUCHARD, RE/MAX real estate broker. How may I help you?
Do you have a question?
MICHEL BOUCHARD
RE/MAX ACTION | 8280 boul. Champlain, Montréal (LaSalle), Québec, H8P 1B5
- Ofc. : 514-364-3222 |
- Cell. : 514-808-5162
- Fax : 514-364-0743
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Hello, my name is MICHEL BOUCHARD, real estate broker. Contact me for more information.
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- These online tools were created to help you plan and achieve your goals, and to answer your housing questions. They are for personal use only.
- The results are based on the information you enter. Please contact your caisse advisor for more specific advice, for if you would like to apply for a loan or pre-approval.
-
Calculations are made using the following basic assumptions:
- The mortgage interest rate stays the same throughout the amortization period.
- The results of this calculator are estimates based on the general information you’ve entered. They can change depending on your financial situation and budget when the loan is granted.
- Note: This tool is intended to help you calculate and optimize your payments on a current mortgage loan, or one you are considering. These rates do not include any life or disability insurance. They are subject to change without notice. Some conditions apply.
