Income properties for sale
1360 - 1394, Rue Gérard-Malouin, Nicolet
$1,875,000
$1,875,000
Income properties for sale
1360 - 1394, Rue Gérard-Malouin, Nicolet
Features
Use of property
Residential
Year built
1965
Number of units
Residential (22)
Residential units
8 x 2 ½, 8 x 4 ½, 6 x 5 ½
Potential gross revenue
$140,880
Description
BEAUTIFUL OPTIMIZATION PROJECT! 22-unit apartment building + LAND in Nicolet. Comprising 6 x 5.5, 8 x 4.5 and 8 x 2.5 units, electricity, heating and hot water are paid for by the owner or tenants, as the case may be. Very large lot (separate lot) for construction of another building (subject to city approval). All units above ground and rents below market.
Centris No. 16733071
Financial details
| Municipal assessment (2023) | |
|---|---|
| Lot | $121,800 |
| Building | $887,100 |
| Total | $1,008,900 |
| Taxes | |
|---|---|
| Municipal (2023) | $15,071 |
| School (2023) | $952 |
| Total | $16,023 |
| Expenses | |
|---|---|
| Electricity | $5,311 |
| Insurance | $7,933 |
| Snow removal | $2,464 |
| Garbage | $6,500 |
| Total | $22,208 |
See all financial details