202 Avenue N South , Saskatoon, SK

FOR SALE

Asking Price: $855,000
Legal: Lot 32 Blk/Par27 Plan No F5554
Mortgage: Treat as clear title
Taxes: $10,835(2008)
Building Description:
  • 19 Suite Apartment (approximately 1978 construction).
  • Wood frame construction.
  • Brick/stucco exterior.
  • 10 – 1 Bedrooms ( approx. 588 sq ft).
  • 9 – 2 Bedrooms ( approx. 835 sq ft).
  • 12 balconies.
  • Some newer windows and recent paint.
  • Washer/dryers – leased (50/50 split).
  • Rental Rates:
    • 1BR $400 - $450
    • 2BR $475 - $525
  • Note: Rental rates are considered below market.

 
 
Pro-Forma (2008)
Income:
Rent
107,700
Gross
107,700
 
Expenses
Advertising
500
Caretaker
3.000
Property Tax
11,000
Insurance
1,935
Management
5,000
R+M
9,500
Gas
12,600
Utilities (Water/Electrical)
10,200
Total Expenses
53,735 (50%)

Net Profit
53,965

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.