12 Unit Multi-Family Building
FOR sale > investment opportunity | multi-family
12 Unit Multi-Family Building 813 idylwyld drive north, saskatoon sk s7l 0z5 MLS
®
Location >> Located in the established central Caswell Hill district with residential single family homes >> Excellent exposure along Idylwyld Drive, a major commercial arterial in Saskatoon
10,800 SF Building 7,791 SF Site RM-3 Zoning
>> Close proximity to SIAST Kelsey Campus and the downtown core. The extension of 25th Street to Idylwyld Drive allows for easier access to the CBD and University of Saskatchewan
Parcels 119833779
>> Mix of older, as well as new, retail/commercial developments in the immediate area
Taxes $6,266.06 (2014)
>> Developers are actively acquiring and renovating rental products in the area
Possession Negotiable
List Price $1,395,000
>> Financing available with 10% down on OAC >> Potential for other multi-family opportunities may be available from the Seller >> Contact: Ward Edwards 306-850-3353 for details COLLIERS INTERNATIONAL +1 306 664 4433 728 Spadina Crescent East Saskatoon, SK S7K 3H2 www.collierscanada.com/15504
Building Description >> Two and a half storeys, 1964 walk-up wood frame building, containing a mix of 1 x bachelor suite, 6 x 1-bedroom and 5 x 2-bedroom units >> Constructed in 1964 it has twelve surface parking stalls >> Attractive suite mix with well designed layouts >> Six (6) units have been renovated and features new flooring, refinished cabinets, counter tops and paint >> These units are well suited for students and young professionals providing significant rental upside >> Suite sizes: 400 SF, 510 SF and 740 SF
Property Overview >> Construction: Wood frame >> Roof:
Torch-on
>> Parking:
Paved surface
>> Amenities:
Shared laundry
REVENUE (* required; + estimated) Suite Type Total Monthly Revenue Laundry $10 per unit per month Total Annual Revenue:
# Units 12 12
Rent as of May 1, 2015 $ 11,595 $ 120 $ 140,580
OPERATING EXPENSES (* required; + estimated) Property Taxes 2014 Garbage Removal * Utilities * Insurance * Miscellaneous * Maintenance ($500 per unit per year) * Total Operating Expenses: (estimated)
$ $ $ $ $ $ $
6,468 1,000 10,500 1,800 6,000 6,000 31,768
Gross Revenue Less Vacancy 3% Net Revenue Less Operating Expenses
$ $ $ $
140,580 4,217 136,363 31,768
NET OPERATING INCOME NOI:
$
104,595
FINANCIAL OVERVIEW
Contact Us
WARD EDWARDS Salesperson +1 306 850 3353 +1 306 664 1645 [email protected] This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2013. All rights reserved. Colliers McClocklin Real Estate Corp.
COLLIERS INTERNATIONAL
+1 306 664 4433 728 Spadina Crescent East Saskatoon, SK S7K 3H2 www.collierscanada.com/saskatoon
12 Unit Multi-Family Building 813 idylwyld drive north, saskatoon sk s7l 0z5 MLS
®
Location >> Located in the established central Caswell Hill district with residential single family homes >> Excellent exposure along Idylwyld Drive, a major commercial arterial in Saskatoon
10,800 SF Building 7,791 SF Site RM-3 Zoning
>> Close proximity to SIAST Kelsey Campus and the downtown core. The extension of 25th Street to Idylwyld Drive allows for easier access to the CBD and University of Saskatchewan
Parcels 119833779
>> Mix of older, as well as new, retail/commercial developments in the immediate area
Taxes $6,266.06 (2014)
>> Developers are actively acquiring and renovating rental products in the area
Possession Negotiable
List Price $1,395,000
>> Financing available with 10% down on OAC >> Potential for other multi-family opportunities may be available from the Seller >> Contact: Ward Edwards 306-850-3353 for details COLLIERS INTERNATIONAL +1 306 664 4433 728 Spadina Crescent East Saskatoon, SK S7K 3H2 www.collierscanada.com/15504
Building Description >> Two and a half storeys, 1964 walk-up wood frame building, containing a mix of 1 x bachelor suite, 6 x 1-bedroom and 5 x 2-bedroom units >> Constructed in 1964 it has twelve surface parking stalls >> Attractive suite mix with well designed layouts >> Six (6) units have been renovated and features new flooring, refinished cabinets, counter tops and paint >> These units are well suited for students and young professionals providing significant rental upside >> Suite sizes: 400 SF, 510 SF and 740 SF
Property Overview >> Construction: Wood frame >> Roof:
Torch-on
>> Parking:
Paved surface
>> Amenities:
Shared laundry
REVENUE (* required; + estimated) Suite Type Total Monthly Revenue Laundry $10 per unit per month Total Annual Revenue:
# Units 12 12
Rent as of May 1, 2015 $ 11,595 $ 120 $ 140,580
OPERATING EXPENSES (* required; + estimated) Property Taxes 2014 Garbage Removal * Utilities * Insurance * Miscellaneous * Maintenance ($500 per unit per year) * Total Operating Expenses: (estimated)
$ $ $ $ $ $ $
6,468 1,000 10,500 1,800 6,000 6,000 31,768
Gross Revenue Less Vacancy 3% Net Revenue Less Operating Expenses
$ $ $ $
140,580 4,217 136,363 31,768
NET OPERATING INCOME NOI:
$
104,595
FINANCIAL OVERVIEW
Contact Us
WARD EDWARDS Salesperson +1 306 850 3353 +1 306 664 1645 [email protected] This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2013. All rights reserved. Colliers McClocklin Real Estate Corp.
COLLIERS INTERNATIONAL
+1 306 664 4433 728 Spadina Crescent East Saskatoon, SK S7K 3H2 www.collierscanada.com/saskatoon
