Revenue property - 7350 Av. Mousseau
8 x 5 1/2 heating & hot water paid by tenants.8 rented apartments.Actual revenues of 73800$ N/H.Well located, close to all amenities,park, highways & public transportation. Brick siding, roof, windows, balconies & exterior doors in good good shape (fairly recent). Please read addendum & seller's declarations.
Work done recently:
-All bathrooms received renovations (#5 /2019 & +-2015-2017 for all the others).
-All kitchens got new ceramic tiles on the floors +- 2015-2017 & January 2020 for #5 plus complete white paint job before renting.
-New treated wood for all balconies in front & at the back (+-2014-2015) -All windows & patio doors replaced (+- 2005-2006)
-New membrane on the roof (2017)
-New brick siding on left side and re pointed at the back (2011). There is some repointing needed on both of these walls.
-Brick siding in front needs a bit of re pointing.
-Newer paving in front(+- 2015-2016)
Revenues till June 30th 2021
8 rented apartments:73 800$/year.
Municipal taxes 2020: 8773$
School Taxes 2020-2021: 943$
Insurance (tx included): 4579$
Electricity of common spaces: 213$
Total of expenses: 14 508$
Net revenue: 59 292$
All other expenses are paid by tenants including heating, hot water & snow removal of the parking lot (6 at the back & 1 in front).
All owners on this street have till 2024 to remove the asphalt in front & replace it by grass.
In the certificate of location, it is mentioned that:
the front margin does not respect the municipal by-law by 0.04m.
NOTE TO ADD TO ALL OFFERS
Buyers read the certificate of location. On page 2, under ''Règlements municipaux'', it is mentioned that the front margin does not respect the municipal by-law by 0.04m.
Buyers accept it as is.
If an insurance title or any other document is required by the notary or financial institution, it will be at the expense of the buyers.
Please consult the document ''Seller's declarations''.
No environmental studies done for this immovable.
8 hot water tanks
|Year of construction||1968|
|Municipal tax||$8,773 / year|
|School tax||$943 / year|
|Gross annual income||$73,800|
|Liveable surface||5 900 sq|
|Land||5 455 sq|
|Sewage system||Municipal sewer|
|Heating system||Electric baseboard units|
6 feet and over
Park - green area
|Type of building||Semi-detached|
|Building dimensions||44.6 x 44.1 pi|
|Land dimensions||54.5 x 100.0 pi|
|Municipal Taxes (2020)||$8,773|
|School taxes (2020)||$943|
|Unit Type||Total||Total vacant||Surface||Description|