Immeubles Gloria
2469-2491 Langelier, Jonquière, Saguenay
240 residential units, 0 commercial units | 33,000,000$

Description

Financial Overview

Revenue 2,453,160$
Cost per Unit 137,500$
Cap. Rate 4.98 %
GRM 13.45
NRM 20.08
Return on Cash Flow 3.95 %
Return on Investment 7.18 %

Municipal Evaluation

Previous Assessment 2019-2021 7,595,800$
 
Land 2022-2024 2,525,300$
Building 2022-2024 9,993,100$
Total 2022-2024 12,518,400$

Highlights

- Astonishing 240 units complex located in Jonquière - Well located between highway 70 and route 170
- 10 fully renovated buildings in 2020-2021 - Strategic location for quick access to services
- Over 15,000,000$ invested in renovations - Leases include parking and wifi
- Entirely redone: plumbing, electrical, balconies, units, common areas - Significant rental demand for renovated units
- Located right in front of the commercial center Faubourg Sagamie - Great potential to increase rents
- Minutes away from the University of Chicoutimi and Jonquière Cegep - Excellent turnkey investment opportunity

Residential

Studio 1 ½ 0
Alcove 2 ½ 17
1 bdrm 3 ½ 50
2 bdrm 4 ½ 92
3 bdrm 5 ½ 81
4 bdrm + 6 ½ + 0
Total Units   240

Commercial

Commercial 0
Total Units   0

Parking

Parking 240
Garage 0
Storage 0
Total Spaces   240

Location

Main Artery Highway 70
Intersection Highway 70 / Route 170
Shopping Center Faubourg Sagamie
Metro Station Jonquière train
Bus 2, 8, 39, 202S, 210S
Attraction Kénogami Lake
Hospital Jonquière Hospital
School UQAC, Jonquière Cegep

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank

General Information

Zoning Residential
Cadastral 2859437
Building Type Detached
Floor Nb. 3
Year Built 1978
Lot Area 334573
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer In apartments
Dryer In apartments
Elevator None
Wash/Dry Hookups All except studios
Dishwasher Hookups 3.5, 4.5 and 5.5
Pool None
Furnished
AC units
Basement Apartments
Fireplace None
Intercom

Building Overview

Roof Roofs 2011
Windows 2020-2021: Windows and patio doors, emergency doors, entrance doors
Balconies 2020-2021: Fiberglass balconies and aluminum railing
Exterior Walls
Electricity 2020-2021: All electricity redone, 100 amp pannels and fully redone in all apartments
Plumbing 2020-2021: All plumbing redone, water main, washer-dryer outlets in all apts and dishwasher in all 3.5, 4.5 and 5.5
Heating System Electrical heating paid by the tenants
Hot Water Tanks
Elevator None
Garage None
Bathrooms 224 apartments were entirely redone in 2020-2021
Kitchens 224 apartments were entirely redone in 2020-2021
Certificate of Location Jacques Normand - 2018-11-23
Envrionmental Report Phase 1 - 2010-01 | Phase 1 Update - GHD - 2020-04-14

Notes

- 2020-2021: New storage units, parking spaces added, new rental office
- 2020-2021: Common areas fully redone: paint, floors, lights, doors
- Over 15,000,000$ invested since 2020
- New rental website creating a lot of views
- The information presented above are to be verified by the buyer during the inspection period.
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