Complete Listing

505 32e Avenue, Lachine

Cost per Unit (CPU)
127 000 $
Gross Revenue Multiplicator (GRM) 13.8
Net Revenue Multiplicator (NRM) 22.0
Capitalization Rate (CAP)
4.6 %

WELL LOCATED close to all services and commodities. Detached brick and wood structure building of 47 units in Lachine (Montreal) built in 1967 and offering 1x5.5 + 15x4.5 + 8x3.5 + 23 studios. Garage of 11 spaces, Heating and hot water paid by the owner. Laundry room on site. Heating and hot water system have been replaced in 2017. Several units have been renovated.

Cartography

Property description

Features

Heating System Natural gas furance (2017)
Hot Water System Central tank (natural gas) (2017)
Electrical Pannels Breakers
Plumbing Copper and plastic
Condition of Kitchens Good condition
Condition of Bathrooms Good condition
Floor Covering Laminated, slats, ceramic and vinyl
Environmental Study To be verified
Condition of Roof 2002; bitume gravier
Siding Brick
Condition of Balconies Wood and steel
Condition of Doors Good condition
Condition of Windows Good condition
Type of Parking Interior
Intercom and Bell Intercom
Fire System Yes
Janitor Agreement To be verified

Construction

Year Built 1967
Building Type Detached
Construction Type Wood
Number of Stories 4
Other Informations

Building type

Number of Units 1+5.5 + 15x4.5 + 8x3.5 + 23 studios
Number of Parkings 11 garages
Responsability of Heating Owner
Responsability of Hot water Owner
Responsability of Appliances Owner
Washer /Dryer Installation None
Laundry Yes
Other Informations 10 storage units in the basement

Other informations

Half of the studios have a closed room.

Please note: Units 102, 107, 209, 305, 308, 403, 405, 408 and 411 are occupied by tenants that are leaving on June 30th and the rentroll's rents are those asked for July 1st.

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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