25 BED HOUSING WITH SUPPORT - $1,550,000 - 10% CAP RATE - SOLD

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25 BED HOUSING WITH SUPPORT FACILITY

EASTERN ONTARIO

  • Government subsidized
  • Long term residents
  • Low vacancy rate
  • 150' Lot - room for expansion
  • In business for over 20 years
  • Urban city location
  PROFORMA  
       
  REVENUE $511,000.00  
       Less 5% vacancy $485,450.00  
  EXPENSES    
     Advertising and promotion $500.00  
     Automotive $3,000.00  
     Insurance $9,371.00  
     Interest and Bank Charges $1,002.00  
     Office $1,000.00  
     Professional Fees $5,178.00  
     Property Taxes $9,359.00  
     Repairs and Maintenance $8,000.00  
     Salaries and Employee Benefits $211,254.00  
     Supplies $65,000.00  
     Telephone and Utilities $16,189.00  
  TOTAL EXPENSES $329,853.00  
       
  N.O.I $155,597.00  
       
       
  Note: All data provided by Sellers. Buyer to verify all data.