About 13 Unit Apartment Building - NOI 97K - Pembroke On

Private Sale 

Investment Property - Flip Opportunity - Income Multi Family --------





8 unit Multi Family For Sale (To be converted to 13 units) 

Net Operating income 59,500$ - Current Actual. 

Cap Rate 9.3% - Current Actual. -------------





We have building permits to build an additional 5 apartments in the rear of the building. Permits are ready, construction quote is $150K 

The build of the additional 5 units will convert the building to a 13 unit multi family building. Appraised at 850,000$, once complete. Appraisal Available. 

Net Operating Income is 97,500$ - Projected Once Build is Complete 

Cap Rate 12.7% 

I have financial Reports I can send you ------------------





***Investment Break Down*** 

Asking Price 625,000$ 

Construction Cost + Asking Price = 775,000$ ( Total Investment) 


Project Appraisal Value - Total Investment 

850,000$ - 775,000$ = 75,000$ (Equity Profit) + Annual 
Net Income of 97,500$ -------------------



Full Time Property Manager Handles total Operation 

Located Downtown Pembroke, Ontario. 1 Hour From Ottawa, 3 Hours From Toronto - 110 Pembroke St W, Pembroke 


With a population over 74,000 Pembroke is a huge military city, with major retailers in town (Canadian Tires, Home depot, Walmart) --------------------





DOCUMENTS AVAILABLE 

Detailed Financial Report, Current & After build 
Blue Prints 
Building Permit 
Appraisal 
Construction Quote 
Environmental Report - CLEAN ----------------





Asking Price: 

625,000$ 



If you’d like to book a viewing or have any questions, feel free to contact me --------------------



Elie Nassif 
O: 613.800.9058 ext 3 
C: 613.218.7734 
E: info@wolfenburginc.com 
W: wolfenburginc.com
  • Property Type Multifamily
  • Status Existing
  • Total Available Space 12,000 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 12,000 SF
  • Number Of Floors 2
  • Managed By Wolfenburg Inc
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