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OVERVIEW
FBG commercial is excited to present you this exclusive investment opportunity with our newly detached corner 6plex building located at 1475 Painter Circle in Saint-Laurent, Montreal. Built in 1956, It consists of six 4 1/2 apartments, each averaging 900 square feet in size. It is currently fully rented, ensuring a consistent income stream with a Gross rental revenue of $76,692 for 2023 with additional Income of $1,080/year for parking and $3,400/year for laundry.
Unlock the potential for increased revenue with an average monthly rent of $1,065 per apartment. The local market supports rental rates of up to $1,600 per month, presenting a significant opportunity for optimization.
Situated in the sought-after Saint-Laurent district, this 6plex is conveniently located near essential amenities, public transportation, schools, and recreational facilities. Experience a well-maintained property that aligns with market standards + an opportunity to renovate to today's modern taste and increase your total revenues by 30%.
Why Invest?
- Consistent rental history
- Potential for increased revenue
- Competitive pricing at $1,250,000
Don't miss out on this lucrative investment opportunity. Contact us today for further details or to schedule a viewing. Secure your stake in this prime 6plex property in one of Montreal's most desirable neighborhoods by contacting us to present an offer.
INVESTMENT HIGHLIGHTS
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Detached corner 6plex
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All 6 units are spacious 4 1/2 apartments
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Great location in a desirable neighborhood of Montreal
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Potential to increase rents by 50% per unit on average ($535/unit)
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Never vacant with a high demand for the area
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Indoor garages
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Well maintained property
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Gross Rental Revenues of $76,692
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Additional Income: $1,080/year for parking
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Additional Income: $3,400/year for laundry
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Near all amenities
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No elderly tenants
PROPERTY DETAILS
Price $1,250,000
Number of Units 6
Price / Door $208,333
Property Type Multi-Family
Cap Rate 3.3
Year Built 1954
Building SQFT 5,978
AVG rent/Unit $1,065
NOI $41,470
PHOTO GALLERY
6
UNITS
5,978
BLDG
SQFT
1954
YEAR BUILT
MARKET SPOTLIGHT
APARTMENTS
The divisions throughout :
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6x 4.5 (2 bedrooms)
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2x Double-width Indoor Garages
RENTAL VALUE
The potential average rental values for a unit is 1,600$ giving you a large potential increase from the average of $1,065/month, based on the following rents:
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4 1/2(6) x 1,600$/month
LOCATION ADVANTAGE
Saint-Laurent, a diverse borough in Montreal, offers a dynamic living experience with proximity to employment opportunities in its industrial and commercial sectors. Its multicultural ambiance contributes to a rich cultural scene and diverse dining options. With easy access to major highways and public transportation, residents enjoy convenient commuting. The area boasts educational institutions, parks, recreational spaces, commercial amenities, and community services. Safety, historical attractions, and a mix of residential and commercial areas make Saint-Laurent an appealing choice for those seeking a well-connected and culturally vibrant community.
OFFERS DEADLINE
First Come, First Served basis:
This offering is only available through an online offer submission as outlined below:
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Offers should be submitted by the listing broker by email at info@fbgcommercial.com
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Offer structure should include the following:
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Purchase Price
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Proposed Deposit Amount
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Proposed Due Diligence & Closing Period
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Evidence of Adequate Funds
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Company Profile
GEOGRAPHIC MAP
CONTACT US
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We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. The Purchaser and his team should conduct their own investigation of the property and transaction.