$7,850,000

36 units for sale - Franklin

$7,850,000

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$7,850,000

36 units for sale - Franklin

$7,850,000

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1 - 9 Tsse Chartrand, Franklin, J0S 1E0

Excellent opportunity for an investor who wants to benefit from a good interest rate and an excellent return on his down payment. *** VERY INTERESTING MORTGAGE ASSUMPTION *** REVENUE OF 475K AND EXPENSE OF 114K FOR A NET INCOME OF 361K. Really exciting !!! Integrated project of 5 buildings for a total of 36 units. Construction 2020,2021 and 2022! All 4 1/2 are good size. Get out your calculator it's worth the cost to calculate the price per door, the MRB, the MRN, the TRI, etc,. More details on request and see the addendum.

  • Lot area: 66,785 SF
  • NUMBER OF ROOMS : 0
  • Year built : 2021
MIGUEL OTINIANO
Residential and Commercial Real Estate Broker
Building details and property interior
Particularities plusParticularities minus

88'5" X 44'2" Irregular

2021

PVC

Concrete slab on ground

Brick , Vinyl

Asphalt shingles

Addenda
Particularities plusParticularities minus

Integrated project of 5 buildings for a total of 36 units

- 3 buildings of 8 apartments for a total of 24
- 2 buildings with 6 apartments for a total of 12

*** See the certificates of location for the dimensions of the 5 buildings.

Addresses:

1 rue de la Terrasse-Chartrand, Franklin, const. 2021
3 rue de la Terrasse-Chartrand, Franklin, const. 2021
5 rue de la Terrasse-Chartrand, Franklin, const. 2020
7 rue de la Terrasse-Chartrand, Franklin, const. 2022
9 rue de la Terrasse-Chartrand, Franklin, const. 2022

- 36 apartments of 4 1/2
- 18 balconies for the upper units
- Electricity and heating are at the expense of the tenants.
- 61 parking spaces
- Each unit has its independent entrance
- No common air

Other details :

- 36 air exchangers
- 36 hot water tanks
- 36 central vacuums and acc.
- 16 wall-mounted heat pumps
- 20 wall mounted air conditioners
- 5 large sheds for a total of 36 outdoor storage spaces
- Waste container and recycling container.

* All apartments are rented and lots of optimization potential *

* Visit on accepted purchase offer only *

*** MANDATORY MORTGAGE ASSUMED EXCELLENT RATE ***
National Bank 1.50%, AMORT. 35 YEARS, term. 5 years,
Desjardins 2.50%, AMORT. 40 YEARS, term. 5 years,
Desjardins 2.50%, AMORT. 40 YEARS, term. 5 years,
National Bank 3.80%, AMORT. 40 YEARS, term. 5 years,
National Bank 3.80%, AMORT. 40 YEARS, term. 5 years,

Total INCOME from July 1, 2023: $475,440

EXPENSES
Municipal taxes $56,300 Normalized
School taxes $3,600 Normalized
Insurance $14,301 Current
Management $23,772 Normalized (5%)
Garbage/recycling: $10,826 Current
Snow removal: $2,500 Current
Lawn: $3,000 Current

Total expenses: $114,299

Net income: $361,141

Building details and property interior
Particularities plusParticularities minus

88'5" X 44'2" Irregular

2021

PVC

Concrete slab on ground

Brick , Vinyl

Asphalt shingles

Lot and exterior features
Particularities plusParticularities minus

66,784.68 SF

Asphalt

Driveway : 61

, Highway , Park , Elementary school

Characteristics
Particularities plusParticularities minus

Electric baseboard units

Central vacuum cleaner system installation , Wall-mounted air conditioning , Air exchange system , Outside storage , Wall-mounted heat pump

Municipality

Municipality

Included & Excluded
Particularities plusParticularities minus

16 wall-mounted heat pumps, 20 wall-mounted air conditioners, 36 air exchangers, 36 hot water tanks, 36 central vacuums and accessories, 5 large sheds for a total of 36 outdoor storage spaces, waste container and recycling container.

Lots of tenants

Financial details
Particularities plusParticularities minus
Assessment
    Taxes
    Gross yearly revenu (potential)
    Annual Expenses
    1 - 9 Tsse Chartrand, Franklin, J0S 1E0
    NEIGHBOURHOOD STATISTICS
    • Statistics Person living alone
    • Statistics Families with children
    • Statistics Families with no children
    • 29.8%
    • 33.5%
    • 14.0%
    • 11.4%
    • 9.3%
    • 89.1%
    • 2.9%
    • 4.2%
    • 3.0%
    • 0.0%
    UnilingualFrenchUnilingualEnglishBilingual(fr/en)Other 0% 10% 20% 30% 40% 50% 60% 70% 80% 90%100%
    • Statistics Household
    • Statistics Individual
    • Statistics Owners
    • Statistics Renters
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    MIGUEL OTINIANO
    Residential and Commercial Real Estate Broker

    MORTGAGE PAYMENTS CALCULATOR

    Financial details

    Taxes
    Gross yearly revenu (potential)
    Annual Expenses
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    My name is MIGUEL OTINIANO, RE/MAX real estate broker. How may I help you?

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