4892 Av De Nicolet
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4892 Av De Nicolet
10 Unit Block of Flats £602,839 (£60,284/Unit) 4.28% Net Initial Yield Shawinigan, QC G9N 8K5
Investment Highlights
- Strategically positioned in a residential neighborhood close to all services
- Located 4 km from downtown Shawinigan
Executive Summary
Excellent optimization opportunity. 10 plex very well-maintained, consisting of 2 x 6.5, 2 x 5.5, 4 x 4.5 and 2 x 3.5, fully leased, except for a 3.5 which is used by the owner as an office, which is why revenus are estimated. Many renovations and leasehold improvements have been carried out by the current owner. Located 4 km from downtown Shawinigan, the site is strategically positioned in a residential neighborhood close to all services. There's also the possibility of earning an extra $800 a year for outdoor storage.
Property Facts
| Price | £602,839 | Property Subtype | Apartment |
| Price Per Unit | £60,284 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Net Initial Yield | 4.28% | Building Size | 10,898 SF |
| No. Units | 10 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1988 |
| Price | £602,839 |
| Price Per Unit | £60,284 |
| Sale Type | Investment |
| Net Initial Yield | 4.28% |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 10,898 SF |
| Number of Floors | 3 |
| Year Built | 1988 |
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4892 Av De Nicolet
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