Complete Listing

541 Paul, Longueuil

Cost per Unit (CPU)
125 000 $
Gross Revenue Multiplicator (GRM) 14.1
Net Revenue Multiplicator (NRM) 20.8
Capitalization Rate (CAP)
4.8 %

EASY TO RENT, ALWAYS FULL. 36 units in Longueuil Est with 4x5.5 + 19x4.5 + 12x3.5 + 1 studio. Energy paid by tenants and electric panels with breakers (copper wire). Good apartment sizes with washer/dryer entries into 4.5 and 5.5. Quiet and wooded backyard. Roof has been redone in 2010. New fire alarm system 2013. Common areas and corridors renovated in 2013. NEXT TO 550 DESMARCHAIS (32 UNITS) HAS TO BE SOLD TOGETHER

Cartography

Property description

Features

Heating System Electric baseboards
Hot Water System Independant tanks
Electrical Pannels Breakers
Plumbing Copper and pex
Condition of Kitchens Very good condition
Condition of Bathrooms Very good condition
Floor Covering Laminated and Ceramic
Environmental Study Phase 1 update in 2015
Condition of Roof Redone in 2010, gravel
Siding Brick
Condition of Balconies Wood and steel railings
Condition of Doors Good condition
Condition of Windows Good condition
Type of Parking Exterior
Intercom and Bell Intercom
Fire System New system
Janitor Agreement Verbal agreement

Construction

Year Built 1977
Building Type Detached
Construction Type Brick and wood
Number of Stories 3
Other Informations

Building type

Number of Units 4x5.5 + 19x4.5 + 12x3.5 + 1 studio
Number of Parkings 36 spots
Responsability of Heating Tenants
Responsability of Hot water Tenants
Responsability of Appliances Tenants
Washer /Dryer Installation Yes except few 3.5 and the studio
Laundry Yes
Other Informations Copper spinning

Significant capital expenditures since 10 years

  • Main entrance door changed in 2018
  • Rear parking sidewalks redone 2018
  • Roof redone in 2010
  • New fire alarm system 2012
  • Common areas and corridors' ceramic redone in 2013
  • Common area have been painted in 2013
  • Rehabilitation of terraces and parking repairs 2016

Other informations

HAS TO BE SOLD WITH 550 DESMARCHAIS (BUILDING NEXT TO IT) FOR A TOTAL OF 68 UNITS

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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