Description:

Twelve unit multiplex located in Longueuil with amazing potential to increase rents leading to great refinancement opportunities. The market projection for the units are 975$ for a 3.5 and 1350$ for a 4.5. Once revenues increased to 158 400$, considering a CMHC loan and 28% expenses, you will be able to refinance at 4.75 cap rate which will give a value of 2 400 000$ and pull out 85% for the mortgage (2 040 000$).
With 4 current vacancies, you gain immediate leverage to start your project right away. With an estimated cost of renovations at 30 000$ per door, once the renovation completed, you would be able to refinance and pull out your initial down payment and renovation cost in order to acquire another investment opportunity.

For more information, please contact the listing broker, Paul Fortin at 514-969-4036 and /or email at info@fbgcommercial.com.

Presented by:

Glenda  Keeney-Gibson

Director

(480) 629-5300

(602) 622-0818

Click here to email

Listed by:

Keller Williams Prestige

Montreal West Island