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$625,000 · 13 Unit Apartment Building - Multi Family Investment - Private Sale

Private Sale

Investment Property - Flip Opportunity - Income Multi Family

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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.

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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

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***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$
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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)

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DOCUMENTS AVAILABLE

Detailed Financial Report, Current & After build
Blue Prints
Building Permit
Appraisal
Construction Quote
Environmental Report - CLEAN

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Asking Price:

625,000$



If you'd like to book a viewing or have any questions, feel free to contact me



Elie Nassif
O: 613.800.9058 ext 3
C: 613.218.7734
E: info@wolfenburginc.com
W: wolfenburginc.com

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Ad Id28239220
CategoryComm. Property Sales
PostedSeptember 25, 2016
Expiry October 25, 2016
Status EXPIRED
Details New
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