Estimated Cash Flow
$2,919.00/ month
Asking Price
$2,000,000.00
Potential Rent
$13,645.00/ month
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WE138351 Red Deer

Excellent opportunity to invest in a 17 unit Apartment Building with a ton of extra's. All units have been upgraded over the past 12 years, 8 units have stacking washer's and dryers. All main floor units have their own private yards. All units have separate electrical meters which include their parking stall. New landscaping is being completed. Mix is 9 - 2 bedroom units (850-875sq ft) and 8 - 1 bedroom units(600-760 sq ft).

Documents Available: 2005 RPR 2007 Environmental Report 2007 Engineering Report

Message for a more detailed analysis and proforma.

Assumable Mortgage with Qualifying 1.161M @ 2.57%

Multi Family

Utilities
$9,244.16
Number of Suites
17

Mortgage Financing

Purchase Price
$2,000,000.00
Interest Rate
3 %
Down Payment
$400,000.00
Amortization
30 years
Total Mortgage
$1,600,000.00
Mortgage Payments
$6,746.00

Monthly Variables

Rent Price
Rent
$13,645/month
Property Management Cost
10 %
Calculated Vacancy Rate
5 %
Monthly Maintenance Allowance
$282.50
Annual Property Tax
$14,484.48
Monthly Insurance Cost
$444.00
Net Monthly Cashflow
$2,919.00
Appreciation
3 %

Additional Purchase Costs

Legal Fees
$2,500.00
Total Purchase Costs
$2,500.00
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"This document has been developed as an information resource, for illustration purposes only. This information has been obtained from various third-party sources. While Investor Life Inc. believes the information provided by the various third-party sources is reliable, the information has not been independently verified, and no representation or warranty is made as to the accuracy or completeness of such information. No person should act specifically on the basis of the material contained herein without considering and taking professional advice. By their nature, estimates of rents, expenses or ROI could differ materially from those that have been estimated. Investor Life Inc. makes no guarantees or warranties regarding the future value of real estate or cash flow, full diligence is still required by any user."

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