Complete Listing

88 - 104 Gillespie, Sherbrooke

Cost per Unit (CPU)
96 000 $
Gross Revenue Multiplicator (GRM) 11.7
Net Revenue Multiplicator (NRM) 21.3
Capitalization Rate (CAP)
4.7 %

In the heart of Sherbrooke, two buildings totalling 12 units located in front of the primary school and a few minutes from the courthouse. There are 2 apartments on two floors redone and 5 renovated units. Optimization is still possible in the back of the building. Professional evaluation report demonstrating value. Take this great opportunity!

Cartography

Map

Property description

Features

Heating System Electric baseboards
Hot Water System Central tank
Electrical Pannels Breakers
Plumbing Copper, ABS and Fonte
Condition of Kitchens Good condition
Condition of Bathrooms Good condition
Floor Covering Laminated and ceramic
Environmental Study No
Condition of Roof Good condition
Siding Brick
Condition of Balconies Wood
Condition of Doors 5 years, some renovated
Condition of Windows 5 years, some renovated
Type of Parking Exterior
Intercom and Bell No
Fire System No
Janitor Agreement No

Construction

Year Built To be verified
Building Type Detached
Construction Type Brick and wood
Number of Stories 3
Other Informations

Building type

Number of Units 1x7.5 + 1x6.5 + 4x4.5 + 3x3.5 + 3x2.5
Number of Parkings 4 spots
Responsability of Heating Owner for 8 units
Responsability of Hot water Owner for 8 units
Responsability of Appliances Owner for 4 units
Washer /Dryer Installation To be verified
Laundry To be verified
Other Informations

Significant capital expenditures since 10 years

  • 2 units have been redone to new
  • 5 units renovated

Other informations

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

Take note that in the assessment role the number of units is 8 units + 7 rooms. However, there are currently 12 units in the building.

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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