1113 Northumberland Ave, Saskatoon, SK |
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| Asking Price: |
$1,525,000 |
| Legal: |
Lot 3,4,5,5A, Blk 470, Plan 61S19969 |
| Zoning: |
RM4 |
| Mortgage: |
Treat as clear title |
| Taxes: |
$15,618 (2008) |
| Building Description: |
- The building is a 24 Suite (6X1Br, 18X2Br) apartment block constructed in the 1960’s.
- It is of wood frame construction with concrete block & some siding exterior.
- All above ground suites have balconies and A/C.
- All suites have fridges and stoves;.
- Suite sizes are as follows: 1Br – 650 sq ft, 2Br – 800 sq ft (approximately).
- New roof in 1998 ($28,226).
- Rents as at August 1, 2008
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| |
Pro-Forma |
| Income: |
|
| Rent |
172,800 |
| Laundry |
2,880 |
| Vacancy |
(2,000) |
| Gross |
173,680 |
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|
| Expenses |
|
| Advertising |
500 |
| Caretaker |
5,760 |
Insurance |
2,000 |
| Management |
8,500 |
| Property Tax |
15,618 |
| R+M |
12,000 |
| Utilities |
22,000 |
| Total Expenses |
66,378(38%) |
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| Net Profit |
107,302 |
Note: Based on information presented by the owner
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Disclaimer: Del
Peters Realty received the above information contained
in this proforma from sources deemed reliable but do not guarantee
same. Each investor must rely on their own investigation of
the salient facts. |
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