Trois-Rivières Multiplex for sale - $589,000

6-UNIT multifamily, all 2½ room units responding to current housing needs. Sold with 6-UNIT neighbouring building offering a 12-UNIT portfolio. Save big on property transfer duties and financing costs with 6-unit financing. HIGH equity value potential, ideal - HANDYMAN or ENTREPRENEUR. Annual PGI: $60,288/YEAR, offering (2) OMH housing units securing high income units while limiting vacancy rates. Two units left VACANT for immediate improvements. Asking price to reflect required renovations & investor profit. Projected final value of $750,000 per building. Located downtown, sector eligible to regular tax credits and renovation grant programs.

ADVANTAGEOUS ACQUISITION STRUCTURE

The joint acquisition of both properties creates a portfolio of 12 units while benefiting from a financial structure tailored for 6-unit buildings. This arrangement allows for substantial savings on real estate transfer taxes and financing costs, thereby reducing overall acquisition expenses.

A PROJECT TO LEVERAGE YOUR EXPERTISE

The 2½-room units offer a compact layout that meets the needs of single individuals and households looking for a low-maintenance living space. Two units are subsidized by the OMH (Office municipal d'habitation), contributing to stable rental income in accordance with the terms of existing agreements.

This project is particularly well-suited for a construction contractor or a savvy, hands-on investor looking to carry out improvements and play a direct role in value creation. Cost control, project planning, and the optimization of rental performance are key factors in the project's profitability.

The projected post-renovation value is an estimate, contingent upon factors such as the scope and quality of the renovations, the income generated, and market conditions at the time of resale. The buyer is responsible for establishing their own budget and validating their profitability assumptions.

Are you a construction contractor or a skilled DIYer? This project is for you!

INCLUSIONS
--

EXCLUSIONS
tenants' personal belongings.