Complete Listing

1435 - 1457 Lanaudière, Joliette

Cost per Unit (CPU)
144 000 $
Gross Revenue Multiplicator (GRM) 13.6
Net Revenue Multiplicator (NRM) 21.7
Capitalization Rate (CAP)
4.6 %

Brand NEW property due in 2019, 12 x 4.5 with 6 garages, will be rented & ready for a new owner. Spacious & bright, well located, quality investment. No capital expenditure for years to come, minimal management costs, the asset will appreciate, capitalize itself & yield good monthly cashflow. This is a rare opportunity, mortgage could be amortized over 40 years, with a 10 year term. The 12 plex next door is also offered for sale.

Cartography

Property description

Features

Heating System Electric baseboards
Hot Water System 40 gallons
Electrical Pannels Breakers
Plumbing ABS, PEX
Condition of Kitchens New
Condition of Bathrooms New
Floor Covering Ceramic, carpet and laminated
Environmental Study Oui
Condition of Roof Asphalt shingles
Siding Brick, vinyl and canexel
Condition of Balconies Fiber glass
Condition of Doors New
Condition of Windows PVC
Type of Parking Interior/ Exterior
Intercom and Bell Yes
Fire System Extinguishers
Janitor Agreement Non

Construction

Year Built 2019
Building Type Detached
Construction Type Brick
Number of Stories 2
Other Informations

Building type

Number of Units 12 X 4.5
Number of Parkings 12 exteriors and 6 garages
Responsability of Heating Tenants
Responsability of Hot water Tenants
Responsability of Appliances Tenants
Washer /Dryer Installation Yes
Laundry No
Other Informations

Significant capital expenditures since 10 years

  • New construction, everything is under warranty

Other informations

Construction in March 2019
Air exchangers
Extra revenues from garages

Under construction (2019)

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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Pictures