| Ad Copy |
Excellent income property boasting a 9.53% Cap
Rate after incentives with an incredible IRR of 41.75% over 5
years. Zoned `Commercial/Residential-CR` which permits mixed
commercial & residential units. The existing 3 storey
building consist 12 - 1 brd fully occupied units with Tenants
paying Hydro. The lower level is presently vacant commercial
totalling 2,670 sf. Zoning permits the lower level to be
converted to 5-1 brd units + laundry. C.I.P. Program available
for conversion. Architectural plans & drawings are
available. Parking for 20 stalls | |
| Type: |
Over 12 Units |
| Tenure: |
Freehold |
| Property Size: |
0.5 -0.99
Acres | |
| Heating: |
Baseboard, Electric |
| Water: |
Municipal |
| Sewer: |
Municipal |
| Rental Equipm.: |
None |
| Flooring: |
Carpet,
Laminate | |
| Ext. Construction: |
Low Maint. S/F/E |
| Driveway/Parking: |
Asphalt, Parking Lot |
| Foundation/Basement: |
Conc. Pad, None |
| Features: |
Balconies, Bus Route, Cable,
Comm/Res Mix, Drapes/Blinds, Smoke Detector |
| Roof: |
Tar &
Gravel | |
|
|
| Com/Ret Space: |
Yes |
| Rent Control: |
Yes |
| Survey: |
No |
| Building Age +/-: |
30 | |
| Sign: |
Yes |
UFFI: |
UNKNOWN |
| Lockbox: |
No |
SPIS: |
Waived |
| #Stories: |
|
Road Type: |
| |
| Garage: |
No |
Gar.Details: |
|
| Parking: |
Y |
Park.Dim.: |
| |
| 1-Bedr.Units: |
12 |
2-Bedr.Units: |
|
3-Bedr.Units: |
|
| 4-Bedr.Units: |
|
Bach.Units: |
|
Rental Units: |
12 |
| Stoves: |
12 |
Dishwashers: |
|
Washers: |
|
| Dryers: |
|
Microwaves: |
|
Fridges: |
12 |
| Income Information |
| Rental Income: |
97162.00 |
Laundry Income: |
|
Other Income: |
| |
| Expense Information |
| Insurance: |
2500 |
Maintenance: |
6000 |
Water/Sewage: |
|
| Heating: |
|
Electricity: |
|
Snow/Garbage: |
3000 |
| Management: |
3000 |
Property Taxes: |
10000 |
Other Costs: |
10500 | |
| Totals |
| Total Income: |
97,162.00 |
Total Expenses: |
35,000.00 |
Net Income: |
62,162.00 | | |
| Assessment: |
$ |
Taxes: |
$9492.54 (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. (17-NOV-2011 08:28
EST) |
