Log In needed $625,000 · 13 Unit Apartment Building - Multi Family Investment - Private SaleReport Ad
Investment Property - Flip Opportunity - Income Multi Family
8 unit Multi Family For Sale (To be converted to 13 units)
Net Operating income 52,450$ - Current Actual.
Cap Rate 9.3% - Current Actual.
We have building permits to build an additional 5 apartments in the rear of the building. Permits are ready, construction quote is $150K
The build of the additional 5 units will convert the building to a 13 unit multi family building. Appraised at 850,000$, once complete. Appraisal Available.
Net Operating Income is 97,500$ - Projected Once Build is Complete
Cap Rate 12.7%
I have financial Reports I can send you
***Investment Break Down***
Asking Price 625,000$
Construction Cost + Asking Price = 775,000$ ( Total Investment)
Project Appraisal Value - Total Investment
850,000$ - 775,000$ = 75,000$ (Equity Profit) + Annual
Net Income of 97,500$
Full Time Property Manager Handles total Operation
Located Downtown Pembroke, Ontario. 1 Hour From Ottawa, 3 Hours From Toronto - 110 Pembroke St W, Pembroke
With a population over 74,000 Pembroke is a huge military city, with major retailers in town (Canadian Tires, Home depot, Walmart)
Detailed Financial Report, Current & After build
Environmental Report - CLEAN
If you'd like to book a viewing or have any questions, feel free to contact me
O: 613.800.9058 ext 3