Immeubles Gloria
1129-1141 Lavallée, Longueuil
13 residential units, 0 commercial units | 1,650,000$

Description

Financial Overview

Revenue 99,600$
Cost per Unit 126,923$
Cap. Rate 3.33 %
GRM 16.57
NRM 30.02
Return on Cash Flow 1.72 %
Return on Investment 4.49 %

Municipal Evaluation

Previous Assessment 2016-2018 1,088,300$
 
Land 2019-2021 293,800$
Building 2019-2021 953,000$
Total 2019-2021 1,246,800$

Highlights

- Two beautiful isolated brick buildings well located in Longueuil - Current rents are very low for the area
- Right next to Édouard-Montpetit Cegep - A few units are currently vacant and ready to be renovated
- Very sought after sector by Cegep students - Incredible potential to increase the revenues
- A few steps away from Jacques-Cartier commercial center - Excellent investment opportunity!
- 10 minutes drive to Longueuil metro station
- Many outdoor parking spaces for tenants

Residential

Studio 1 ½ 1
Alcove 2 ½ 3
1 bdrm 3 ½ 4
2 bdrm 4 ½ 0
3 bdrm 5 ½ 5
4 bdrm + 6 ½ + 0
Total Units   13

Commercial

Commercial 0
Total Units   0

Parking

Parking 16
Garage 0
Storage 0
Total Spaces   16

Location

Main Artery Roland-Therrien Blvd.
Intersection Chambly / Curé-Poirier
Shopping Center Place Jacques-Cartier
Metro Station Longueuil Metro station
Bus 8, 10, 17, 28, 71, 76, 77, 88
Attraction Michel-Chartrand Park
Hospital Pierre Boucher Hospital
School Édouard-Montpetit Cegep

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants & Owner

Heating Hot Water

Energy Source Electricity
Responsibility Tenants & Owner
Water Tank

General Information

Zoning Residential
Cadastral 2007299
Building Type Detached
Floor Nb. 2
Year Built 1965
Lot Area 1039
Building Area 0
Stove None
Refrigerator None
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups All the 5 1/2
Dishwasher Hookups None
Pool None
Furnished No
AC units
Basement Apartments
Fireplace None
Intercom None

Building Overview

Roof 1129: Roof redone in 2018 (15,000$) | 1141: approximately 2006
Windows 16 windows replaced in 2001 (8,500$) | 14 doors replaced in 2000 (10,000$)
Balconies 1129: Two concrete balconies redone in 2008
Exterior Walls Brick work, mortar and window sills in 2014 (5,600$)
Electricity 1129: 100AMP breakers | 1141: 100AMP, 4 units have fuses
Plumbing 1129: Mix of copper, cast iron and ABS | 1141: Copper main water entrance, copper and ABS piping, no cast iron
Heating System Electrical heating
Hot Water Tanks 1129: 1 common tank for basement units, 1 tank per 5 1/2 (oldest 2013) | 1141: 2x60 gallons (approx. 2013)
Elevator None
Garage Exterior parking only
Bathrooms 1129: Some bathrooms redone | 1141: All the bathrooms redone in the last 12 years
Kitchens Original wood cabinets
Certificate of Location A new certificate of location has been mandated and will be received shortly
Envrionmental Report A new Phase 1 report has been mandated and will be received shortly

Notes

- Washer/dryer hookups in all the 5 1/2
- The information presented above are to be verified by the buyer during the inspection period.
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