$1,050,000
85 Rue Nicolet
Gatineau (Hull)
Gatineau (Hull)
Type
Quintuplex
Bedrooms
3
Living area
2427 PC
Bathrooms
1
MLS® 22964081
Property description
Five-unit building strategically located in Hull, generating $72,600 in annual income. Desired layout: 1 x 3 bedrooms and 4 x 1 bedroom, all rented to stable tenants. Two-story building with semi-basement, including large storage room and several parking spaces, a major asset for tenants. Area in high rental demand. Solid asset generating immediate income, with potential for optimization. An ideal opportunity for investors looking to add a high-performing building to their portfolio.
Details
Taxes and expenses
| School taxes | $440 |
| Municipal Taxes | $5,696 |
| Insurance | $6,296 |
| Snow removal / Lawn mowing | $1,531 |
| Energy cost | $1,309 |
| Caretaking | $1,200 |
Building and interior of the property
| Bedrooms | 3 |
| Bathrooms | 1 |
| Number of rooms | 5 |
| Living area | 2427 SF |
| Items excluded in the sale | Water heater rental |
| Dimension of the front of the building | 9.19 M |
| Dimension of the depth of building | 12.23 M |
| Land area | 4357 SF |
| Dimension of the front of the land | 13.36 M |
| Dimension of the depth of the land | 31.69 M |
| Year built | 1948 |
| Municipal assessment (land) | $206,200 |
| Municipal assessment (building) | $408,100 |
| Municipal assessment (total) | $614,300 |
| Assessment year | 2022 |
| Number of stories | 2 |
| Area of the building | 112.39 SM |
| Potential gross revenue | $72,600 |
| Water supply | Municipality |
| Heating energy | Electricity |
| Available services | |
| Parking | Outdoor |
| Sewage system | Municipal sewer |
| Zoning | Residential |
Addendum
| 5-unit residential building in Hull, a strategic addition |
| to your real estate portfolio! |
| - Current annual income: $72,600 |
| - Layout: 1 x 3 bedrooms + 4 x 1 bedroom |
| - 100% leased -- immediate income |
| - Stable tenant base |
| - 2-story building with semi-basement |
| - Good unit layout |
| - Large outdoor storage area, convenient for tenants or |
| maintenance |
| - Several parking spaces |
| - Sought-after area of Hull with high rental demand |
| - Close to services, public transportation, shops, and |
| major roads |
| - Ideal asset for investors looking for a building that |
| generates income immediately upon acquisition |
| - Low vacancy rate in the area |
