Quintuplex for sale
551 - 555, Rue du Conseil, Sherbrooke (Fleurimont)
$780,000
$780,000
Quintuplex for sale
551 - 555, Rue du Conseil, Sherbrooke (Fleurimont)
Features
Use of property
Residential
Building style
Detached
Year built
1940
Building area (at ground level)
2,775 sqft
Lot area
6,764 sqft
Parking (total)
Driveway (8), Garage (1)
Number of units
Residential (5)
Residential units
2 x 3 ½, 2 x 4 ½, 1 x 5 ½
Main unit
3 rooms, 1 bedroom, 1 bathroom
Potential gross revenue
$67,032
Additional features
Basement 6 feet or +
Move-in date
30 days after acceptance of promise to purchase or rent
Description
Superb income property generating nearly $67,032 per year, located in a highly sought-after area and easy to rent. Recently renovated, the property includes three 4 1/2s, two 3 1/2s and a loft. The units at 254 and 256 are currently being renovated by the seller, offering an excellent opportunity for a buyer wishing to finalize the work to his or her liking. Ideal for investors or owner-occupiers looking for a profitable project!
Centris No. 19971805
Financial details
| Municipal assessment (2024) | |
|---|---|
| Lot | $272,700 |
| Building | $357,500 |
| Total | $630,200 |
| Taxes | |
|---|---|
| Municipal (2024) | $6,111 |
| School (2024) | $304 |
| Total | $6,415 |
| Expenses | |
|---|---|
| Electricity | $1,836 |
| Elevator(s) | $2,200 |
| Management/Administration | $2,000 |
| Total | $6,036 |
See all financial details