Renovated 8plex offered at less than 14.5x the gross revenue! All apartments will be rented as of July 1st 2023, bringing in $122,700 yearly. For a full list of the work done, please refer to the addendum. The property is also only a few minutes away from the A40, restaurants, buses leading to Honore-Beaugrand metro, grocery stores, Walmart, Place Versailles, and more. With the new modern look of these apartments and considering the calm residential neighbourhood, the units are sure to be rented in a heartbeat.
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Renovated revenue property offered at less than 14.5x the gross revenue! All apartments will be rented as of July 1st 2023, bringing in $122,700 yearly, and all tenants have been subject to credit checks. The property was recently converted into an 8plex in 2022/2023 with the required permit. Some of the work and renovations are in the process of being completed, these including the construction of the 2 basement units and the landscaping which will be done in May/June 2023. The other work done includes:
-The main water supply has been replaced by a 6 inch pipe
-New cement slab in the basement
-8 new hot water tanks
-Stairs to basement replaced with metal stairs
-Front exterior staircase replaced
-All front window sills replaced
-All basement windows replaced in 2023
-Front balconies coated with black aluminum
-All apartment doors replaced with new handles
-Almost all electrical wiring has been replaced (year unknown)
-Most of the electricity replaced except for panels that were redone by previous owner.
-Recessed lights redone
-Bathrooms redone to new
-Kitchen hood redone in stainless steel
-Addition of an interior door at the entrance with new digital keypad lock
-New electric baseboards
-Additional water valve in front and back of building to attach garden hose
-Roof redone in 2019
-Brick at the back of the building redone in 2012
-The front and back foundation walls in the basement, as well as 3 feet of the side walls, were treated with urethane in 2023
-All thermostats were changed to digital thermostats
The property is also only a few minutes away from the A40, restaurants, buses leading to Honore-Beaugrand metro, grocery stores, Walmart, Place Versailles, and more. With the new modern look of these apartments and considering the calm residential neighbourhood, this property is sure to be a great investment.
Asphalt and gravel
50' X 107'
Driveway : 5
Highway , Daycare centre , Golf , Park , Bicycle path , Elementary school , High school , Commuter train , Public transportation
Electric baseboard units
All of the tenants' personal belongings
MORTGAGE PAYMENTS CALCULATOR
My name is SALVATORE ORFEO, RE/MAX real estate broker. How may I help you?
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RE/MAX ALLIANCE | 4865 rue Jarry Est, Montréal (Saint-Léonard), Québec, H1R 1Y1
Hello, my name is SALVATORE ORFEO, real estate broker. Contact me for more information.
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