3 bedrooms
1 bathroom
Lot dimensions 5 075.18 ft² (471.5 m²)

Owners’ comments

Automated translation

5-PLEX WITH INCOME POTENTIAL FOR OPTIMIZING RENTS

Interesting opportunity for investors: 5-unit building currently generating $36,120 in annual gross income, offered at a price corresponding to approximately 12 times current gross income.

Composition of the building:

3 × 3 ½: $660, $750 and $500/month
1 × 4 ½: $500/month
1 × 5 ½: $600/month
Nothing included in the rents Current
income: $3,010/month Gross
income: $36,120/year
The building has the potential to optimize rental income in the medium and long term. As an indication, some comparable homes in the area have significantly higher rents, in particular around $750 for 3 ½ and $1,100 for 5 ½, depending on their condition and characteristics

.

Since several homes are currently rented under these levels, this property could be of particular interest to an investor looking for a building whose income can be gradually increased, in compliance with leases and applicable regulations.

Price based on current revenue, not projected potential revenue.

Financial information and documents available for serious buyers. Visits by appointment.

438-990-6381.

Erwinkegoum@gmail.com

Complete Description
Complete Description

Property features

Asking Price
$439,000
Year of construction
1930
Building dimensions
50.6x98.5 ft (15.42x30.02 m)
Number of parkings
3
Lot's municipal evaluation
$204,000
Annual income
$36,120.00
1 Bedroom
3
2 Bedroom
1
3 Bedroom
1

External facing:

  • Vinyl Siding

Foundation:

  • Cast concrete

Roof:

  • Elastomer membrane

Heating source:

  • Electric

Basement:

  • Low (6 feet or under)
  • Separate entrance
  • Unfinished
  • Potential income

Garage:

  • Detached
  • Double

Location:

  • Highway access
  • Near park
  • Residential area
  • Public transportation

Near Commerce:

  • Bank
  • Bar
  • Shopping Center
  • Drugstore
  • Restaurant
  • Supermarket

Near Health Services:

  • Health club / Spa
  • Medical center
  • Dentist
  • Hospital

Near Educational Services:

  • College
  • Elementary school
  • High School
  • Daycare
  • Kindergarten

Near Recreational Service:

  • Library
  • Sportif center
  • Gym
  • Bicycle Path

Municipal services:

  • Sanitary Sewer

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$25.00
$300.00
Municipal taxes
$516.67
$6,200.00
Insurance
$155.00
$1,860.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$3,010.00
$36,120.00

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

Download the legal documents that you need

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$439,000

Quintuplex for sale

2343-2345-2353-2355-2365 avenue Georges Shawinigan (Shawinigan) Mauricie

No. 1133407

Are you interested in this property?
Here’s how to contact the owner
Send a message
Are you interested in this property?
Here’s how to contact the owner
Send a message