About

PROPERTY DETAILS:

• INCOME:
• UNITS  
  • 9 X 2BEDROOM UNITS RENTED AT $1395/MONTH
  • 2  X  3BEDROOM UNITS RENTED AT $1495/MONTH
  • 1  X  1BEDROOM UNIT RENTED AT $1075/MONTH

• TOTAL RENT
  • $16,620 / MONTH
  • $199,440 / YEAR

• OTHER INCOME
  • LAUNDRY  =  $3,000/YEAR

• TOTAL INCOME
  • $202,440 / YEAR

• EXPENSES (PROJECTED):
  • PROPERTY TAX             –  $17,500 / YEAR
  • INSURANCE                     –  $4,900 / YEAR
  • WATER & SEWER          –  $ 3,500 / YEAR
  • HEAT                                   – $3,200 / YEAR
  • MANAGEMENT                – $4,882 / YEAR
  • HYDRO                                – $2,200 / YEAR
  • ELEVATOR                         – $1,800 / YEAR
  • SUPERINTENDENT        – $8,400 / YEAR
  • SNOW & LANDSCAPE    – $3,200 / YEAR
  • CAMERA SECURITY       – $2,724 / YEAR

  • TOTAL                                   – $52,306 

• ESTIMATED NET OPERATING INCOME:
  • $150,134 / YEAR
  • CAP RATE :  5.6%

• INCLUSIONS:
  • 12 FRIDGES
  • 12 STOVES
  • 12 HOOD FANS
  • 12 DISHWASHERS

 Full 3D tour and additional photos at this link:   3D TOUR – MAIN ST – WINCHESTER

ATTENTION INVESTORS!

BRAND NEW BUILDING!  3 storey multi-family property. Under Construction BRAND NEW 12 UNIT built by a PREMIUM BUILDER with a successful portfolio!! Immediate CASH FLOW with an estimated 5.9% CAP RATE. COMPLETION expected Feb 1, 2020.

Conveniently located in the growing town of Winchester just south of Ottawa, 2KM from HOSPITAL.

12 modern units with a mix 1, 2, & 3 bedroom units. Efficient hot water boiler system. ERV’s (energy recovery) in each unit, 12 hydro meters (tenants pay in-unit hydro costs), ELEVATOR, 20 parking spots incl. visitor and disabled parking, 40-year fiberglass shingles. Each apartment will be equipped with a fridge, stove, & dishwasher.

Great management team in place & existing contract can be assumed. Income generating Laundry facilities with coinamatic card operated machines. Located a short distance to grocery stores, shopping, & hospital. Income and expenses are estimated as the building is yet to be completed and operational. OWN THIS BRAND NEW ASSET TODAY!

Contact Chris today for more info on this excellent opportunity.

CHRIS STEEVES