85 ST JOHN ST


85 ST JOHN ST – ALFRED 12-UNIT MULTI-FAMILY

Type
Apartment Building
Sold
Bedrooms
Bathrooms
Area

About

Listing price:
$
Units:
12 RES UNITS 
Unit Breakdown:
2 x 3bedroom, 9 x 2bedroom, 1 x 1bedroom
Year Built:
2020 –  COMPLETION JULY 1, 2020
Style:
3 STOREY WITH ELEVATOR
Garage/Parking:
25 OPEN PARKING SPOTS + VISITOR PARKING
Rents:
$15,260/MONTH  =  $183,120/YEAR                                     + LAUNDRY INCOME OF $4800   =  $187,920/YEAR
Features:
ELEVATOR, HOT WATER HEATING, 12 HYDRO METERS, COIN LAUNDRY
 Lot Size:
140′ X 190′

 

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

Sales Representative. Residential & Commercial.
Capital Homes Realty
217 – 1419 Carling Ave, Ottawa, ON
Office: 613 744 0356

Visit our website:
WWW.CHRISSTEEVES.CA
Like My Facebook Page
Follow me on LinkedIn

Details

Type: Apartment Building Sold

Price: $2,499,900

Year Built: 2020

Public Facilities

Features

Review

Average rating

0.0 / 5

Rating breakdown

5
0
4
0
3
0
2
0
1
0

Submit your review

Subject
Rating
Comments

Loan Calculator

$
Years
30% $

Monthly Payment

$

Total Payable in 24 Years

$

2

Payment Break Down

60%

Interest

40%

Principle

Similar Properties

$2,499,900

Contact Info