179 Rue Gentilly
Vimont Laval , H7K1S8
CENTRIS ID: 24641826
CENTRIS ID: 24641826
179 Rue Gentilly
Vimont Laval , H7K1S8
REQUEST MORE INFORMATION
Estimated Monthly Payment: $
Description
RARE INVESTMENT OPPORTUNITY! Looking for a turnkey income property? This beautifully renovated 5-plex offers $92,400/year in reported gross revenue, with exceptional potential to optimize income and maximize returns! A golden opportunity for serious investors. Don’t miss out--call today for details! 514-806-1446
Addendums
179 -- 6½: 3 bedrooms, 2 bathrooms, and a basement : Rental Value $ 2500-2700 / m 181 -- 5½: 3 bedrooms and 1 bathroom183 -- 4½: 2 bedrooms and 1 bathroom Rental Value $ 1700 / m 185 -- 4½: 2 bedrooms and 1 bathroom187 -- 3½: 1 bedroom and 1 bathroom
+ annual legal increase
1. RENTAL REVENUE OPTIMIZATION
The IMMOVABLE presents a reported annual gross rental value of $92,400, with potential for further rental revenue optimization based on estimated market rental values.
The proposed monthly rental adjustments combined potential increase of $1,705 per month, equivalent to $20,460 annually.
PROJECTED RENTAL REVENUE:
Current reported annual gross rental value: $92,400Potential additional annual revenue: $20,460Projected annual gross rental value: $112,860Potential gross rental revenue optimization: +22.14%
Unit 183 : owner occupant paying under market value, vacating on or before June 30, 2027 (End of lease)
These figures represent estimated rental optimization potential only and are not guaranteed. Actual achievable rents and increases remain subject to market conditions, applicable leases, vacancy and Québec rental legislation.
2. EXTERIOR RENOVATIONS (2016--2018)
The present OWNER declares having completed the following renovations between 2016 and 2018:
Replacement of windows;Replacement of patio doors;Replacement of exterior doors.
3. INTERIOR RENOVATIONS (WITHIN THE LAST FIVE YEARS)
The present OWNER declares having completed interior renovations within the last five (5) years, including:
FlooringLighting fixtures (spot lights throughout the whole building)BathroomsReplacement of Kitchens (cabinets, counter tops floors)Replacement of WindowsInterior mouldings, Painting and finishing work.
Replacement and installation of interior mouldings and finishing work.
Supporting invoices and receipts shall be provided upon request, if available.
4. INVESTMENT OPPORTUNITY
This five-unit residential income property features significant interior improvements, modern finishes and potential for further rental revenue optimization.
The combination of existing rental value, completed renovations and projected income growth presents an opportunity for investors seeking a renovated income-producing property with long-term revenue potential.
All projected rental amounts are estimates and shall be independently verified by the prospective BUYER.
*** Certificate of location has been ordered and will be uploaded as soon as it is received.
Inclusions
As per leases, 1 double tempo (right hand facing building), hot water tanks belong to building.
Exclusions
As per leases
Key Features
- Price: $2,049,000.00
- Bedrooms: 3
- Bathrooms: 2
- Municipality Tax: $8,907.00
- School Tax: $869.00
General Information
- Property Type Quintuplex
- Building type Detached
- Total # floors 2
- Building area 2074 sqft
- Lot area 5993 sqft
- Year built 1986
Municipal Assesment
- Year 2027
- Lot $344,200.00
- Building $881,700.00
Features
- Water supply Municipality
- Garage Fitted
- Parking Outdoor
- Parking Garage
- Sewage system Municipal sewer
- Zoning Residential
REQUEST MORE INFORMATION
SCHEDULE A SHOWING
x
SEND TO A FRIEND
Do you want a second opinion? Do you think this property is perfect for someone that you know? Fill out the form below to email this listing to a friend
x
Estimated Monthly Payment: $
Email Me
Thank you for your interest in this listing. If you would like to contact the broker directly, please fill out the form below and they will respond to your query as soon as possible.