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$858,000 | 6421 Boul. Monk

6421 - 6429 Boul. Monk

Montréal (Le Sud-Ouest), Saint-Paul/Émard, H4E3H8
Quintuplex | MLS: 26381307

Description

Semi-Commercial Quintuplex located in the heart of Ville-Émard, 5 minutes walking distance from Monk Metro and centrally located from shops and services. 4 x semi-closed 3 1/2 units and 1 commercial tenant. NOI for 2020-2021: $45,452. Building to be sold jointly with 6411-6419 Blvd. Monk (Centris# 25710179). Visits only upon accepted offer.

* Excellent investment opportunity. * Opportunity to renovate for greater revenue optimization and growth. * Long standing reliable tenants (both residential and commercial) - See Premises and Lease Document DL28774 for rental details. * Commercial tenant : Studio Celeste (Hairdresser with 20 years+ service in this location) * Well maintained over the years by the current owner. * Most windows and front doors of each apartment have been replaced in 2011-2012. * New Asphalt and Gravel Roof - 2006 * All utilities paid by tenants (residential and commercial) * Commercial tenant pays $4,058 of business tax in addition to net rent. * Future Rent increase for commercial space (6425) : $1,850 as of Jan 1, 2021 * Future Rent increase for unit 6421 : $730 as of Sept 1, 2020

Inclusions : 4 Hot Water Tanks, 1 Air Conditioning Split Type Heat Pump Unit (in Commercial Space)

Exclusions : Tenants personal belongings (residential and commercial)

TypeQuintuplex
StyleAttached
Dimensions16.73x7.62 M
Lot Size194.2 MC
Insurance$ 2128 / year
Recovery of expenses$ -4058 / year
Municipal Taxes (2020)$ 6920 / year
School taxes (2020)$ 618 / year
lot assessment$ 132100
building assessment$ 400200
total assessment$ 532300

Room Details

RoomDimensionsLevelFlooring
N/A

Charateristics

Heating systemElectric baseboard units
Water supplyMunicipality
Heating energyElectricity, Natural gas
WindowsPVC
SidingBrick
ProximityHighway, Hospital, Park - green area, Elementary school, High school, Public transport, Daycare centre
BasementLow (less than 6 feet)
ParkingOutdoor
Sewage systemMunicipal sewer
Window typeHung
ZoningCommercial, Residential
Equipment availableWall-mounted heat pump
RoofingAsphalt and gravel

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