Income properties for sale
325 - 365, Rue Adams Est, Richmond
$28,140,000
$28,140,000
Income properties for sale
325 - 365, Rue Adams Est, Richmond
Features
Use of property
Residential
Year built
2024
Number of units
Residential (102)
Residential units
36 x 3 ½, 48 x 4 ½, 18 x 5 ½
Potential gross revenue
$1,693,992
Description
Portfolio of 6 properties, 3 new and 3 to be built, totalising 102 rental units in Richmond, close to all services and nature. Projected gross annual revenues are in excess of $1.5 million. For the 3 projects to be built, there is the possibility for the purchaser to buy the land with construction contracts. For the 3 existing buildings, mortgages assumption totalising $11,928,236 will be required, at 3.95% interest, over a 50-year amortization period. Expenses are estimated using an approved appraisal. For more information, go to ''Virtual tours'' and ''Other tour''.
Centris No. 10737762
Financial details
| Municipal assessment | |
|---|---|
| Lot | Not issued |
| Building | Not issued |
| Total | - |
| Taxes | |
|---|---|
| Municipal (2024) | $216,810 |
| School (2025) | $16,062 |
| Total | $232,872 |
| Expenses | |
|---|---|
| Electricity | $12,150 |
| Insurance | $31,305 |
| Total | $43,455 |
See all financial details