| Ad Copy |
A tremendous investment, this multi Tenanted
Residential property boasts 100% occupancy with 11 units in
total. The site is located in the heart of a mature well
established community that features surrounding services for
the convenience of your Tenants. The property features three
separate buildings two (2) single and one (1) two storey with
a large paved parking lot (23 parking stalls). The Investment
Opportunity for this property (4 Clark Street, St. Catharines)
shows an annual investment return of 14.8% and with
appreciation and principal payments boast a huge 34.43% IRR
over a five (5) year period. Contact Listing Agent for our
Investment Package. | |
| Type: |
9 - 12 Unit |
| Tenure: |
Freehold |
| Property Size: |
0.5 -0.99
Acres | |
| Heating: |
Forced Air, Natural Gas |
| Water: |
Municipal |
| Sewer: |
Municipal |
| Rental Equipm.: |
None |
| Flooring: |
Carpet, Vinyl | |
| Ext. Construction: |
Concrete Block, Concrete
Poured |
| Driveway/Parking: |
Asphalt |
| Foundation/Basement: |
|
| Features: |
See Remarks |
| Roof: |
Asphalt
Shingle | |
|
|
| Com/Ret Space: |
|
| Rent Control: |
Yes |
| Survey: |
No |
| Building Age +/-: |
OL | |
| Sign: |
Yes |
UFFI: |
UNKNOWN |
| Lockbox: |
No |
SPIS: |
Waived |
| #Stories: |
1 & 2 |
Road Type: |
| |
| Garage: |
No |
Gar.Details: |
|
| Parking: |
Y |
Park.Dim.: |
| |
| 1-Bedr.Units: |
1 |
2-Bedr.Units: |
7 |
3-Bedr.Units: |
3 |
| 4-Bedr.Units: |
|
Bach.Units: |
|
Rental Units: |
11/11 |
| Stoves: |
11 |
Dishwashers: |
|
Washers: |
|
| Dryers: |
|
Microwaves: |
|
Fridges: |
11 |
| Income Information |
| Rental Income: |
112,393 |
Laundry Income: |
|
Other Income: |
1,200 | |
| Expense Information |
| Insurance: |
2,194 |
Maintenance: |
3,300 |
Water/Sewage: |
17,919 |
| Heating: |
|
Electricity: |
|
Snow/Garbage: |
2,210 |
| Management: |
3,000 |
Property Taxes: |
15M426. |
Other Costs: |
| |
| Totals |
| Total Income: |
113,593.00 |
Total Expenses: |
44,049.00 |
Net Income: |
69,544.00 | | |
| Assessment: |
$ |
Taxes: |
$15426.00 (2011) |
Local Improvements: |
| |
| Mortgage 1 Information |
Mortgage 2 Information |
| Mortgagee: |
|
Mortg.Rate: |
|
| Mortg.Amount: |
$ |
Due Date: |
|
| Payment (PI): |
$ |
Payment (PIT): |
$ |
| Subj.to Verif.: |
|
| |
| Mortgagee: |
|
Mortg.Rate: |
|
| Mortg.Amount: |
$ |
Due Date: |
|
| Payment (PI): |
$ |
Payment (PIT): |
$ |
| Subj.to Verif.: |
|
| |
|
| Listing Office: |
ROYAL LEPAGE NIAGARA
R.E. CENTRE, BROKERAGE- MAYWOOD - 2129 |
: |
| |
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| The information on this site is from sources believed
to be reliable. This information should not be relied upon by a
buyer without personal verification. The brokers/agents and members
of the Niagara Association of REALTORS® assume no responsibility for
its accuracy. (29-SEP-2011 20:56
EDT) |
