20-30 BED HOUSING WITH SUPPORT - $1,600,000 - UNDER CONTRACT

                   Generic photo to protect the privacy of residents

            UNDER CONTRACT

EASTERN ONTARIO - 20-30 BED

HOUSING WITH SUPPORT FACILITY

25% CAP Rate

 

Large lot in prime location for future expansion, zoning in place for expansion. Fully rebuilt and renovated, and updated in 2009. Lovely building with full sprinklers.

22 BED HOUSING WITH SUPPORT  
REVENUE        
Tenants     $430,337.19  
Other     $10,000.00  
TOTAL REVENUE     $440,337.19  
         
EXPENSES        
Office Expenses     7422.02  
Food & Supplies     50413.12  
Gifts     $1,506.84  
Accounting     $2,271.30  
Registration     $355.10  
Bank Charges & Interest     $645.86  
Telephone     $913.64  
Wireless     $730.62  
Internet     $937.60  
Cable     $1,552.20  
Salary     $71,580.49 *
Remittance     $13,669.10  
Vehicle Epenses     $2,000.00  
Insurance Car     $2,945.00  
Sub Labour     $4,560.00  
Training     $150.00  
WSIB     $803.71  
Activity & Entertainment     $4,181.34  
House Insurance     $4,963.68  
Property Tax     $7,446.80  
Security Alarm     $412.84  
Utilities     $14,732.81  
Garbage Disposal     $1,410.24  
Machine Rental     $1,830.60  
Repair and Maintenance     $10,139.90  
TOTAL EXPENSES     $207,574.81  
         
NET EARNINGS     $232,762.38  
         
* does not include owner's wages