MAX Commercial Capital
WOODLANDS APARTMENTS - 17 SUITE COMPLEX 4939 Chalmers Ave Swan Hills, Alberta
0 r) 0 ,0 o
0 2/do 5 9 8
$ 5,8 5 ($
• 3 story walk-up with 17 large 1-bedroom suites, all above grade, most having balconies. • Owned coin laundry, newer roof, many suites upgraded, experienced on-site manager. • Close to parks, schools and shopping. • Detailed package with financials is available upon receipt of a signed confidentiality agreement.
For more information please contact: Chris Davies, B.Sc., MCNE - Associate RE/MAX Commercial Capital T 780.757.1010 C 780.905.7562 [email protected] The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser/Tenant.
www.rcedm.ca Building Characteristics Address: Legal: Age: Lot Size: Suite Mix: Taxes:
4939 Chalmers Ave, Swan Hills Lot 1, Block 14, Plan 6240MC 1981 22,276 sq.ft. 17 One Bedroom $8,820.00 (2015)
Stabilized Income & Expenses (as of Feb 2016) Annual
Per Unit/Year
Income Annual Scheduled Income Laundry Vacancy (7%) Total Income
$134,400 $900 -$9,408 $125,892
$7,906 $53 -$553 $7,405
Expenses Taxes (2015) Utilities (Actual) Resident Manager Insurance (Actual) Management (5%) Repairs and Maintenance Garbage/Snow Total Expense Total Expense per Unit Net Income Cap Rate
$8,820 $13,894 $8,341 $4,054 $6,295 $8,500 $4,398 $54,362 $3,198 $71,530 7.53%
$519 $817 $491 $238 $296 $500 $259 $3,120
Parking: Construction: Power: Heating: Roof:
Energized Surface Stalls Wood Frame Separately Metered Suites Hot Water Pitched, Asphalt Shingles
Financial Analysis Total $950,000 $665,000
Asking Price Financing* (70%LTV, 5/25, at 4.5%) Cash Required $285,000 CAP Rate (on acquisition) 7.53% *Subject to market availability
Gross Income Net Income Debt Service Cash Flow Cash on Cash Return Mtg Paydown (Yr 1) Return on Investment
Annual $135,300 $71,530 $44,167 $27,363 9.60% $17,159 15.62%
For more information please contact: Chris Davies, B.Sc., MCNE - Associate RE/MAX Commercial Capital T 780.757.1010 C 780.905.7562 [email protected] The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser/Tenant.
www.rcedm.ca Rent Roll & Suite Mix (as of Feb 2016) Suite 101 102 103 104 105 201 203 204 205
Beds 1 1 1 1 1 1 1 1 1
Rent $600 $700 $750 $600 $700 $600 $600 $700 $700
Suite 206 301 302 303 304 305 306 *caretaker Monthly Total Annual Total
Beds 1 1 1 1 1 1 1
Rent $600 $700 $600 $700 $650 $600 $700 $11,200 $134,400
Location
For more information please contact: Chris Davies, B.Sc., MCNE - Associate RE/MAX Commercial Capital T 780.757.1010 C 780.905.7562 [email protected] The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser/Tenant.
0 r) 0 ,0 o
0 2/do 5 9 8
$ 5,8 5 ($
• 3 story walk-up with 17 large 1-bedroom suites, all above grade, most having balconies. • Owned coin laundry, newer roof, many suites upgraded, experienced on-site manager. • Close to parks, schools and shopping. • Detailed package with financials is available upon receipt of a signed confidentiality agreement.
For more information please contact: Chris Davies, B.Sc., MCNE - Associate RE/MAX Commercial Capital T 780.757.1010 C 780.905.7562 [email protected] The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser/Tenant.
www.rcedm.ca Building Characteristics Address: Legal: Age: Lot Size: Suite Mix: Taxes:
4939 Chalmers Ave, Swan Hills Lot 1, Block 14, Plan 6240MC 1981 22,276 sq.ft. 17 One Bedroom $8,820.00 (2015)
Stabilized Income & Expenses (as of Feb 2016) Annual
Per Unit/Year
Income Annual Scheduled Income Laundry Vacancy (7%) Total Income
$134,400 $900 -$9,408 $125,892
$7,906 $53 -$553 $7,405
Expenses Taxes (2015) Utilities (Actual) Resident Manager Insurance (Actual) Management (5%) Repairs and Maintenance Garbage/Snow Total Expense Total Expense per Unit Net Income Cap Rate
$8,820 $13,894 $8,341 $4,054 $6,295 $8,500 $4,398 $54,362 $3,198 $71,530 7.53%
$519 $817 $491 $238 $296 $500 $259 $3,120
Parking: Construction: Power: Heating: Roof:
Energized Surface Stalls Wood Frame Separately Metered Suites Hot Water Pitched, Asphalt Shingles
Financial Analysis Total $950,000 $665,000
Asking Price Financing* (70%LTV, 5/25, at 4.5%) Cash Required $285,000 CAP Rate (on acquisition) 7.53% *Subject to market availability
Gross Income Net Income Debt Service Cash Flow Cash on Cash Return Mtg Paydown (Yr 1) Return on Investment
Annual $135,300 $71,530 $44,167 $27,363 9.60% $17,159 15.62%
For more information please contact: Chris Davies, B.Sc., MCNE - Associate RE/MAX Commercial Capital T 780.757.1010 C 780.905.7562 [email protected] The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser/Tenant.
www.rcedm.ca Rent Roll & Suite Mix (as of Feb 2016) Suite 101 102 103 104 105 201 203 204 205
Beds 1 1 1 1 1 1 1 1 1
Rent $600 $700 $750 $600 $700 $600 $600 $700 $700
Suite 206 301 302 303 304 305 306 *caretaker Monthly Total Annual Total
Beds 1 1 1 1 1 1 1
Rent $600 $700 $600 $700 $650 $600 $700 $11,200 $134,400
Location
For more information please contact: Chris Davies, B.Sc., MCNE - Associate RE/MAX Commercial Capital T 780.757.1010 C 780.905.7562 [email protected] The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser/Tenant.
