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Income properties for sale
119, Rue Conrad, Laval (Laval-des-Rapides)
$1,100,000
$1,100,000
Income properties for sale
119, Rue Conrad, Laval (Laval-des-Rapides)
Features
Use of property
Residential
Year built
1960
Lot area
4,916 sqft
Parking (total)
Driveway (4)
Pool
Above-ground
Number of units
Residential (6)
Residential units
2 x 4 ½, 4 x 5 ½
Potential gross revenue
$60,324
Additional features
Basement 6 feet or +
Description
FBG Commercial is proud to present this prime investment opportunity. This property consists of 6 spacious units, featuring 4 x 5 1/2 and 2 x 4 1/2 apartments. At the time of purchase, one 5 1/2 apartment will be vacant as it is the property owner who resides there, allowing immediate flexibility for a substantial rental increase. The average monthly rent across the building is $837, leaving significant room for rental upside. Each tenant is responsible for their own electricity costs. The property has a track record of steady occupancy, underscoring the strong rental demand in this area. Minor CAPEX investments is needed to maximize your ROI
Centris No. 21452776
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Visit the real estate broker's website to see the detailed sheet of this property.
Financial details
| Municipal assessment (2024) | |
|---|---|
| Lot | $201,600 |
| Building | $538,400 |
| Total | $740,000 |
| Taxes | |
|---|---|
| Municipal (2024) | $8,905 |
| School (2024) | $654 |
| Total | $9,559 |
| Expenses | |
|---|---|
| Electricity | $660 |
| Insurance | $5,947 |
| Equipment (rental) | $735 |
| Total | $7,342 |
See all financial details
