20 Units Edmonton, Alberta
This 20 unit complex is located in the Edmonton neighbourhood of Cromdale. Close to LRT. Wood frame construction complex was built in 1968. Renovations in building and Parking lot repaired and lined in 2016. All electrical plug-ins upgraded. Most of the units have been upgraded. Gross income over $238,000. Cap rate 5.13%.
ASSUMABLE MORTGAGE AT 1.56%
Highlights:
- Purchase Price: $2,380,000.00, appraised value: $2,450,000.00
- Cashflow: $37,000/year
- Huge Management upside.
- Re-rent apartments at higher rent.
- $100k minimum investment
8 Units Saskatoon
This building is conveniently located close to U of S, 8th Street East and Downtown. Close to all central amenities and bus routes. One electrical parking spot each apartment.
Highlights:
- $100k per unit price
- 5.1% Cap Rate
- Current Gross Rents: $6780/month
- Operating Expenses: $2949/Month
- Great Opportunity to manage and increase rents
- The building beside our building appraised for $1,030,000.00 after renovations.
- $100k minimum investment
3BR Townhouse St Catharines/3-6 months Turnaround
Maintenance free investment in nice neighborhood of St Catharines. Good Conditional and does not need much renovation
Highlights:
- $Purchase Price: $310,000
- ARV Market Value: $430,000
- Repairs: $15,000 – Recarpeting, paint, cleaning.
- Potential Gross Rents: $2200/month
- Operating Expenses: $700/Month
- Opportunity to renovate and sell in 6 months to exit
- Or Refinance in 6 months and pull equity out.
- $100k minimum investment