$889,000
ULS: 13862194
5-6-7-Plex for sale - Longueuil (Le Vieux-Longueuil) (Vieux Longueuil)
735 Rue Gardenville, Longueuil (Le Vieux-Longueuil) (Vieux Longueuil)
This 5plex represents a rare opportunity to acquire a lucrative income-generating asset in one of Longueuil's most sought-after neighborhoods. With its strategic location, loyal tenant base, substantial rental income, and promising growth prospects, this property stands as a testament to the potential rewards of smart real estate investment. Don't miss your chance to secure this prime investment opportunity in the vibrant community of Longueuil.
Property features
3
Bedrooms
1
Bathroom
1
Powder room
HELENE KURAGINA
Residential and Commercial Real Estate Broker
RE/MAX HAUTE PERFORMANCE INC.
Addendum
This exceptional 5plex presents a perfect investment opportunity in one of Longueuil's most demanded areas. With all five apartments currently rented out, generating a robust annual income of $54,120, this property promises immediate returns for savvy investors. Boasting loyal tenants and significant growth potential, it stands as an ideal addition to any investment portfolio.
Key Features:
Strategic Location: Situated in close proximity to Metro Longueuil, transportation convenience is at its peak, offering residents easy access to downtown Montreal and surrounding areas. This prime location enhances the property's attractiveness and ensures a steady influx of potential tenants.
Loyal Tenants: The current tenants, known for their reliability and commitment, contribute to the stability and consistency of rental income. Their long-term occupancy reflects the appeal and comfort offered by this residence, making it an attractive prospect for prospective buyers.
Income Generation: With an impressive annual income of $60,600 derived from rental agreements, this property provides immediate cash flow, making it an appealing investment for both seasoned and aspiring investors. The existing rental income stream underscores the property's financial viability and potential for future growth.
Proximity to Commercial Center: Positioned near the heart of Longueuil's commercial hub, residents enjoy unparalleled access to a plethora of amenities, including shopping centers, restaurants, entertainment venues, and essential services. This proximity not only enhances convenience but also boosts the property's desirability and tenant retention rates.
Investors can capitalize on the property's location and reputation to attract discerning tenants and maximize rental income.
For visits on March 17 from 11:00 a.m. to 8:00 p.m., March 18 until 2:00 p.m.
Purchase offers will be presented Monday March 18 at 4:00 p.m
Key Features:
Strategic Location: Situated in close proximity to Metro Longueuil, transportation convenience is at its peak, offering residents easy access to downtown Montreal and surrounding areas. This prime location enhances the property's attractiveness and ensures a steady influx of potential tenants.
Loyal Tenants: The current tenants, known for their reliability and commitment, contribute to the stability and consistency of rental income. Their long-term occupancy reflects the appeal and comfort offered by this residence, making it an attractive prospect for prospective buyers.
Income Generation: With an impressive annual income of $60,600 derived from rental agreements, this property provides immediate cash flow, making it an appealing investment for both seasoned and aspiring investors. The existing rental income stream underscores the property's financial viability and potential for future growth.
Proximity to Commercial Center: Positioned near the heart of Longueuil's commercial hub, residents enjoy unparalleled access to a plethora of amenities, including shopping centers, restaurants, entertainment venues, and essential services. This proximity not only enhances convenience but also boosts the property's desirability and tenant retention rates.
Investors can capitalize on the property's location and reputation to attract discerning tenants and maximize rental income.
For visits on March 17 from 11:00 a.m. to 8:00 p.m., March 18 until 2:00 p.m.
Purchase offers will be presented Monday March 18 at 4:00 p.m
Building details and property interior
Dimensions
25' 6" X 40'
Year constructed
1956
Lot and exterior features
Lot size
40' X 100'
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 204,400
- Building assessment
- $ 306,800
- Total
- $ 511,200
Taxes
- Municipal (2024)
- $ 4,541
- School (2024)
- $ 441
- Total
- $ 4,982
Gross annual revenues (potential)
- Residential
- $ 54,120
- Total
- $ 54,120
Inclusions and exclusions
Mortgage payment calculator
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