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OVERVIEW
This turn-key property presents an enticing investment opportunity in the bustling Lachenaie area of Terrebonne. Positioned at 1758-1760 St-Charles, it stands as the last remaining 10plex for sale among three adjacent buildings that we have sold recently, offering significant potential for investors.
In the heart of the sought-after Lachenaie neighborhood, the property enjoys proximity to essential amenities, transportation links, and other conveniences. Comprising ten meticulously renovated 4 1/2 apartments, each unit boasts modern comforts and stylish finishes, ensuring a comfortable living experience for tenants. A recent roof replacement in 2023 ensures the structural integrity and longevity of the building, providing peace of mind to prospective buyers. For added assurance, a comprehensive building inspection report is available, offering insight into the property's great condition.
Convenience is paramount, with outdoor parking spaces provided for every unit, catering to the needs of tenants and their guests. Each apartment is equipped with washer and dryer, enhancing tenant convenience. Constructed in 2009, the property showcases modern construction and design such as granite countertops in each unit, further elevating its appeal to tenants and investors alike.
Listed at $2,075,000 with a Net Operating Income (NOI) of about $89,000, this property presents an attractive investment opportunity. There exists significant potential to increase rental income by a minimum of $200 per month per unit, with units renting out quickly due to high demand in the area.
Lachenaie, Terrebonne, is renowned for its vibrant community atmosphere, excellent schools, and proximity to shopping, dining, and recreational facilities.
With a motivated seller, this presents an ideal opportunity for investors looking to capitalize on the thriving real estate market in Terrebonne.
Don't miss out on the chance to own a prime piece of real estate in one of Terrebonne's most desirable neighborhoods.
Contact us today to secure your investment in 1758-1760 St-Charles.
INVESTMENT HIGHLIGHTS
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2x Five-unit buildings located in highly desirable Lachenaie area of Terrebonne.
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Spacious modern 4 1/2 apartments built in 2009
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Roof redone in summer 2023
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Gross revenue of $119,600 with an average apartment rent of $996 per month.
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Demonstrates remarkable potential for consistent returns and future rental increases.
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Attractive apartments in demand, ensuring a consistent income stream.
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No current renovation required, all units in great condition for comfortable living.
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Each apartment equipped with its own washer and dryer for tenant convenience.
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Ample parking spaces available for tenants and guest
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2023 Professional evaluation available
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2023 Inspection reports available
PROPERTY DETAILS
Price $2,075,000
Number of Units 10
Price / Door $206,000
Property Type Multi-Family
Cap Rate 4.34
Year Built 2009
Building SQFT 9,264
AVG rent/Unit $996
NOI $89,301
PHOTO GALLERY
10
UNITS
9,264
BLDG
SQFT
2009
YEAR BUILT
MARKET SPOTLIGHT
APARTMENTS
The divisions throughout :
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10x 4.5 (2 bedrooms)
RENTAL VALUE
The potential average rental values for a unit is 1,250$ giving you a large potential increase from the average of $996/month, based on the following rents:
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4.5(10) x 1,250$
LOCATION ADVANTAGE
Renting an apartment in Terrebonne, Quebec, offers numerous advantages. Firstly, its location provides easy access to amenities and services in the city center. The apartment's proximity to public transportation hubs ensures convenient commuting options for work and leisure activities. Renting at this location offers an excellent opportunity to experience the vibrant community of Terrebonne while enjoying the flexibility and affordability that apartment living provides.
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.