OVERVIEW
FBG Commercial welcomes you to 9960 Rue de Lille, an exceptional 6plex real estate opportunity situated in the lively neighborhood of Ahuntsic, Montreal. This multiplex offers a compelling investment with its prime location and promising features.
Constructed in 1959, it consists of six 2-bedroom units, each equipped with a washer and dryer. Its historical significance is complemented by its consistent occupancy, presenting investors with a stable and reliable income stream.
Currently generating $50,976 in gross income annually, the property demonstrates an average monthly rent of $708 per apartment. However, with substantial room for rent optimization, investors have the potential to double the current rental income. This becomes particularly attractive in an area where rental rates can easily reach $1,500 per month for each unit.
Tenants take care of heating and electricity expenses, streamlining property management and offering a hassle-free arrangement for investors.
Aesthetically, the building has been maintained over the years, showcasing a well-preserved exterior and interior. This attention to upkeep enhances the property's appeal and market value.
Priced competitively at $950,000, this 6plex in Ahuntsic represents an ideal opportunity for investors looking to diversify their real estate portfolio. Take advantage of the consistent rental history, potential for increased revenue, and the prime location in one of Montreal's most desirable neighborhoods.
For more information, please contact us. Don't miss out on the chance to secure a valuable property with both current income and significant growth potential.
INVESTMENT HIGHLIGHTS
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Well maintained 6 plex in Ahuntsic
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All units are 4 1/2 apartments
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Consistent occupancy for a stable income stream
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Annual Gross Revenues of $50,976
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Demonstrates remarkable potential for future rental increases. Up to 100% of the actual rent average
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Tenants handle heating and electricity expenses, simplifying property management
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Competitive pricing at $950,000
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Fully detached property
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Near all amenities
PROPERTY DETAILS
Price $950,000
Number of Units 6
Price / Door $158,333
Property Type Multi-Family
Cap Rate 3.15
Year Built 1959
Building SQFT 3,400
AVG rent/Unit $708
NOI $29,947
PHOTO GALLERY
6
UNITS
3,400
BLDG
SQFT
1959
YEAR BUILT
MARKET SPOTLIGHT
APARTMENTS
The divisions throughout :
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6x 4 1/2 (2 bedrooms)
RENTAL VALUE
The potential average rental values for a unit is $1,450 giving you a large potential increase from the average of $708/month, based on the following rents:
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4 1/2(6) x $1,450/month
LOCATION ADVANTAGE
Ahuntsic, a residential district in Montreal along the Rivière des Prairies, offers residents a balanced lifestyle. With proximity to nature in parks, a multicultural atmosphere, and educational institutions, the area appeals to diverse populations and students alike. Public transportation, local shopping, and dining options contribute to convenience, while the quieter residential atmosphere provides a peaceful living environment. Ahuntsic also boasts historical sites, community services, and easy access to highways, making it a well-rounded choice for those seeking a blend of urban amenities and suburban tranquility.
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
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.