About

PROPERTY DETAILS:

• INCOME:
• UNITS  
  • 9 X 2BEDROOM UNITS RENTED AT $1275/MONTH
  • 2  X  3BEDROOM UNITS RENTED AT $1395/MONTH
  • 1  X  1BEDROOM UNIT RENTED AT $995/MONTH

• TOTAL RENT
  • $15.260 / MONTH
  • $183,120 / YEAR

• OTHER INCOME
  • LAUNDRY  =  $4,800/YEAR

• TOTAL INCOME
  • $187,920 / YEAR

• EXPENSES (PROJECTED):
  • PROPERTY TAX             –  $17,500 / YEAR
  • INSURANCE                     –  $4,782 / YEAR
  • WATER & SEWER          –  $ 3,500 / YEAR
  • HEAT                                   – $3,200 / YEAR
  • MANAGEMENT                – $5,695 / YEAR
  • HYDRO                                – $2,200 / YEAR
  • ELEVATOR                         – $2,200 / YEAR
  • SNOW & LANDSCAPE    – $11,520 / YEAR
  • CAMERA & SECURITY   – $1,152 / YEAR
  • OTHER                                 – $4,034 / YEAR
  • TOTAL                                   – $55,783 

• ESTIMATED NET OPERATING INCOME:
  • $132,137 / YEAR
  • CAP RATE :  5.2%

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

 Full 3D tour and additional photos at this link:   3D TOUR – 85 ST JOHN, ALFRED

ATTENTION INVESTORS!

BRAND NEW BUILDING –  FULLY LEASED!  3 storey multi-family property.  12 UNIT built by a PREMIUM BUILDER with a successful portfolio!! Immediate CASH FLOW with an estimated 5.2% CAP RATE.    Completed as of July 1, 2020.

Conveniently located in the growing town of  Alfred  just east of Ottawa.   2 Blocks from the main street with plenty of restaurants, shops, medical clinics, and schools.

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,   25 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 willing to stay on as manager.    Income generating Laundry facilities with coinamatic card operated machines.  Located a short distance to grocery stores, shopping, & and the main strip.   Expenses are estimated as the building is newly completed and operational.  OWN THIS BRAND NEW ASSET TODAY!

Contact Chris today for more info on this excellent opportunity.

CHRIS STEEVES