Complete Listing
4190 48e, Saint-Michel
| Cost per Unit (CPU) |
116 000 $ |
|---|---|
| Gross Revenue Multiplicator (GRM) | 14.6 |
| Net Revenue Multiplicator (NRM) | 21.8 |
| Capitalization Rate (CAP) | 4.6 % |
Property well located on a calm street, near St-Michel train station and parc, with eight spacious 4.5 units with great optimization potential and an active janitor in place. The units also have inherent potential for rent increase. Excellent for investors who want to create value in a well located asset.
Cartography
Property description
Features
| Heating System | Electric baseboards |
|---|---|
| Hot Water System | Independent tanks |
| Electrical Pannels | Breakers |
| Plumbing | Good condition with copper |
| Condition of Kitchens | Most in original state |
| Condition of Bathrooms | 3 have been renovated |
| Floor Covering | Laminated and ceramic |
| Environmental Study | No |
| Condition of Roof | Redone approx. in 2014 |
| Siding | Brick |
| Condition of Balconies | Wood and steel ramps |
| Condition of Doors | Good condition |
| Condition of Windows | 80% are in good condition |
| Type of Parking | None |
| Intercom and Bell | Intercom |
| Fire System | Fire extinguishers |
| Janitor Agreement | Yes, on site |
Construction
| Year Built | 1957 |
|---|---|
| Building Type | Attached |
| Construction Type | Brick and wood |
| Number of Stories | 3 |
| Other Informations |
Building type
| Number of Units | 8 x 4.5 |
|---|---|
| Number of Parkings | None |
| 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
- French drain rear part recently redone
Other informations
The buyer must refinance the mortgage at the vendor's institution
Peoples Trust | Balance: 534 642 | Rate : 2,68% | Term: December 2020 | Monthly Instal. (C+I) : 2361$
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.
