18-Plex: Three 6-Plexes for sale in Beauharnois (Built in 2018) High-quality property generating an effective gross income of $302,844. Strong optimization potential as rents are currently below market value. All units are occupied with stable tenants. Excellent management and maintenance. Well-maintained building with modern systems. Ideal for real estate portfolio expansion. Favorable financing available (mortgage assumption). Located in a highly sought-after residential area. Inquiries welcome. Heating and electricity paid by tenants. All units are 5 1/2 with 2 parking spaces each and a private park on the lot.
54'4" X 55'3"
2018
PVC
Sliding , Casement
Poured concrete
Brick , Pressed fibre , Vinyl
Asphalt shingles
Ceramic , Laminate floor
Wood
EXECUTIVE SUMMARY
Purchase Price: $6,500,000
Number of Units: 18
Gross Income: $302,844
Total Expenses: $85,675
Expense Ratio (/ EGI): 29.2%
Net Operating Income (NOI): $208,084
Debt Service Coverage Ratio (DSCR): 1.10
Cash Flow Before Taxes: $18,917
Cash-on-Cash Return: 0.7%
Total Return (Year 1): 6.8%
Full financial analysis available upon request.
All 18 units are large 5 1/2 apartments offering ample living space. Luxurious condo-style apartments featuring elegant and modern finishes. Each unit includes 2 private outdoor parking spaces.
Wall-mounted air conditioning in all units.
Each apartment features a bathroom with a separate shower and bathtub. Spacious kitchens with high-end cabinetry and recent appliances. High-quality laminate wood and ceramic flooring. Private balcony or terrace depending on the unit's location.
Private landscaped park with amenities and a playground on the premises.
INVESTOR BENEFITS
Substantial optimization potential as current rents are below market value. Significant revenue growth potential. High-quality building constructed in 2018 requiring minimal renovations.
Fully stabilized property with high-quality tenants and steady income. A rare property on the market. Serious investors only. Professional presentation available upon request.
54'4" X 55'3"
2018
PVC
Sliding , Casement
Poured concrete
Brick , Pressed fibre , Vinyl
Asphalt shingles
Ceramic , Laminate floor
Wood
100'3" X 263'8"
39,137.58 SF
Landscaped
Flat
Asphalt , Double width or more
Driveway : 36
Highway , Daycare centre , Elementary school , High school , Public transportation
Residential
Convection baseboards , Electric baseboard units
Electricity
Wall-mounted air conditioning , Air exchange system
Municipality
Municipality
AC wall units x 18
Not specified
My name is SIMON LEMAY INC., RE/MAX real estate broker. How may I help you?
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RE/MAX CRYSTAL | 228 boul. Curé-Labelle, Sainte-Thérèse, Québec, J7E 2X7
Hello, my name is SIMON LEMAY INC., real estate broker. Contact me for more information.
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