Other for sale 324 Rue de la Rivière Cowansville, Montérégie

# ULS: 16741031

Photo principale

Investors! Revenue property, 6-plex, steps away from downtown, on the shores of the river. Excellent return on investment with $36 000 / year and good appreciation potential. 5 x 5 1/2 and 1 x 4 1/2. Many renovations throughout the years (see details in addendum). Great opportunity...hurry. Get in touch with Jean to visit!

$445,000

Addenda.

Real estate investors, here is a golden opportunity:

Solid brick-clad building built in 1965 on the shores of the river, steps away from downtown. Mature trees, no close neighbors, private lot above the river.

5 x 5 1/2 and 1 x 4 1/2, all rented with standard leases ending on June 30 2018. 6 storage sheds in the back for tenant's use.

Some notable renovations:
- 6 water heaters changed in 2013
- 3 new kitchens since 2015
- new roof (membrane) in 2005

Very good return on investment: ask the listing brokers for the financial analysis on file.

Nice opportunity....don't miss it!

Building details and property interior.

Size
53' X 38'
Year built
1965
Living area
6,042 SF
Windows
PVC
Foundation
Poured concrete
Siding
Brick
Roofing
Elastomeric membrane
Dividing Floor
Wood

Lot and exterior features.

Lot size
184' X 124' Irregular
Lot area
14,494 SF
View
View of the water
Zoning
Residential

Characteristics.

Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality

Financial details.

Assessment (2017)

Lot assessment $60,600.00
Building assessment $297,500.00
Municipal assessment $358,100.00

Taxes

Municipal (2017) $6,281.00
School (2018) $920.00
TOTAL $7,201.00

Gross yearly revenu (potential)

Residential $36,000.00
Total $36,000.00

Annual Expenses

Insurance $1,440.00
Snow removal $604.00
Maintenance $3,000.00
Total $5,044.00

Energy

Electricity $290.00

Calculator

Calculatrice Desjardins

Calculator mortgage payments

Included & Excluded

Included

Not specified

Excluded

Not specified