Complete Listing

350 Principale, Grenville

Cost per Unit (CPU)
77 000 $
Gross Revenue Multiplicator (GRM) 10.0
Net Revenue Multiplicator (NRM) 16.3
Capitalization Rate (CAP)
6.2 %

6 unit building (5x4.5 + 1x3.5) located in front of a school on a street corner. Near all services and offering several possibilities to the buyer. A purchase with little down payment with attractive returns. Stable tenant for 5 years. Electricity at the expense of the tenants. No basement. New roof.

Cartography

Map

Property description

Features

Heating System Electric baseboards
Hot Water System Independent tanks
Electrical Pannels Breakers
Plumbing Copper / Pex
Condition of Kitchens Good condition
Condition of Bathrooms Good condition (renovated)
Floor Covering Laminated and linoleum
Environmental Study N/A
Condition of Roof 2019
Siding Vinyl
Condition of Balconies Renovated 2016
Condition of Doors N/A
Condition of Windows Good condition
Type of Parking Exterior
Intercom and Bell No
Fire System No
Janitor Agreement No

Construction

Year Built Unknown
Building Type Detached
Construction Type Wood
Number of Stories 2
Other Informations

Building type

Number of Units 5x4.5 + 1x3.5
Number of Parkings 15 spots
Responsability of Heating Tenants except 1 unit
Responsability of Hot water Tenants except 1 unit
Responsability of Appliances Tenants
Washer /Dryer Installation Yes
Laundry No
Other Informations

Significant capital expenditures since 10 years

  • The roof was redone in 2019
  • 4 bathrooms renovated in 2018

Other informations

THE SALE IS MADE WITHOUT LEGAL WARRANTY OF QUALITY TO THE RISKS AND PERILS OF THE BUYER

The remarks, descriptions, features and financial projections contained in the present document are only for information purposes and should not be considered as being official. The information herein comes from what we consider reliable sources but for which we cannot guarantee the accuracy. It is the buyer’s responsability to verify all the information and to declares himself satisfied or dissatisfied while in the due dilligence process following an accepted promise to purchase.

Financial information

Rent roll

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