1901 22nd Street West, Saskatoon, SK
 

FOR SALE
EXCLUSIVE LISTING
Asking Price: $720,000
Legal: Lot 5, Blk521, Plan 64S03165
Mortgage: Treat as clear title
Taxes: $7,267 (2008)
Building Description:
  • Constructed in the 1960’s.
  • Concrete construction.
  • Brick exterior.
  • 1x1BR approximately 645 sq ft.
  • 11x2BR at approximately 775sq ft.
  • 8 balconies, 8 A/C, 12F, 12S.
  • Paved parking (front/back) for 12 vehicles.
  • W & D are leased.
  • Rental Rates:
    • 1BR $400
    • 2BR $610/700

 
 
Pro-Forma
Income:
Rent
87,480
Laundry
1,440
Vacancy
(1,000)
Gross
87,920
 
Expenses
Advertising
500
Caretaker
2,880
Property Tax
7,267
Insurance
1,500
Management
4,350
R+M
6,000
Utilities
15,000
Total Expenses
37,497(47%)

Net Profit
50,423

Note: Based on information presented by the owner

 

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.