320 Lake St Street, Pembroke
320 Lake St Street, Pembroke
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26 Photos
- MLS®: 1347315
- Type: Townhouse
- Added: 322 days ago
Property Details
Constructed in 2017/18, this 16-unit building just two blocks from Algonquin College in downtown Pembroke features 15 three-bedroom suites and 1 one-bedroom suite, all with appliances (fridge/stove/dishwasher) and furniture package. Projected gross income from rental and parking for 2023 projected at $410,310/annum. Seller's expenses in 2022 as follows: advertising and promotion: $307; insurance: $17,779; laundry (card/lease) and cleaning: $15,436; management fees: $20,340; property taxes: $28,961; grounds, maintenance & repairs: $28,961; utilities and security, Internet included: $49,182; professional fees: $3,497, office: $543. Total before debt service for 2022 is $162,499. Assuming a 2% increase in operating expenses and projected income for 2023 of $244,561 with projected cap rate asking at 5.4%. Parking is assigned with overflow available. The age of the property is technically 0-5 years (occupied September 2018). Laundry is coin (actually card) operated. (id:1945)
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Property Information
- List AOR: Renfrew County
- Stories: 4
- Tax Year: 2022
- Year Built: 2016
- Photos Count: 26
- Parcel Number: 571390305
- Parking Total: 21
- Common Interest: Freehold
- Association Name: o -
- Tax Annual Amount: 28961
- Lot Size Dimensions: 252 ft X 0 ft (Irregular Lot)
- Zoning Description: R4-32
- Number Of Units Total: 16
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