119 Rue Conrad
$1,100,000
Laval (Laval-des-Rapides) H7N4J1
| MLS: 21452776
Description
FBG Commercial is proud to present this prime investment opportunity. This property consists of 6 spacious units, featuring 4 x 5 1/2 and 2 x 4 1/2 apartments. At the time of purchase, one 5 1/2 apartment will be vacant as it is the property owner who resides there, allowing immediate flexibility for a substantial rental increase. The average monthly rent across the building is $837, leaving significant room for rental upside. Each tenant is responsible for their own electricity costs. The property has a track record of steady occupancy, underscoring the strong rental demand in this area. Minor CAPEX investments is needed to maximize your ROI
FBG Commercial is proud to present this prime investment
opportunity at 119 Conrad in Laval. This property consists
of 6 spacious units, featuring 4 x 5 1/2 and 2 x 4 1/2
apartments. At the time of purchase, one 5 1/2 apartment
will be vacant as it is the property owner who resides
there, allowing immediate flexibility for a substantial
rental increase. The average monthly rent across the
building is $837, leaving significant room for rental
upside.
With the current market trends and Laval's ongoing
development, this property offers substantial potential for
increased rental income. Minor CAPEX investments can
maximize returns, ensuring strong future cash flow.
Additionally, each tenant is responsible for their own
electricity costs, contributing to the property's low
operating expenses. The property has a track record of
steady occupancy, underscoring the strong rental demand in
this area.
Laval's rising market value, coupled with this property's
strategic location, ensures excellent long-term
appreciation potential.
Contact us today for more details on this rare investment
opportunity!
Inclusions : As per leases
Exclusions : As per leases
Location
Characteristics
| Heating system | Electric baseboard units |
|---|---|
| Water supply | Municipality |
| Heating energy | Electricity |
| Foundation | Poured concrete |
| Pool | Above-ground |
| Proximity | Highway, Cegep, Hospital, Park - green area, Elementary school, High school, Public transport, Bicycle path, Daycare centre |
| Basement | 6 feet and over, Finished basement |
| Parking | Outdoor |
| Sewage system | Municipal sewer |
| Zoning | Residential |
| Driveway | Asphalt |
This property is presented in collaboration with KELLER WILLIAMS PRESTIGE