16-18 Rue Albert
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16-18 Rue Albert
11 Unit Apartment Building $1,057,518 USD ($96,138 USD/Unit) 3.98% Cap Rate Lévis, QC G6W 1L3
Investment Highlights
- Possibility that two units will be available to the buyer upon acquisition
- 11-unit building located in Lévis
- Potential to optimize the basement space to increase revenue
Executive Summary
11-unit building located in Lévis, consisting of 3 x 5.5, 6 x 4.5, and 2 x 2.5. Hot water and part of the heating are provided by the owner. The building has basement spaces that could be developed to add or expand some units (to be verified). Immediate optimization potential, as two units will become available shortly.
Property Facts
| Price | $1,057,518 USD | Building Class | C |
| Price Per Unit | $96,138 USD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 9,622 SF |
| Cap Rate | 3.98% | No. Stories | 2 |
| No. Units | 11 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 1.14/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,057,518 USD |
| Price Per Unit | $96,138 USD |
| Sale Type | Investment |
| Cap Rate | 3.98% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 9,622 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.14/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | - |
| 2+1 | 6 | - | - |
| 1+1 | 2 | - | - |
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16-18 Rue Albert
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