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73 Kenyon St E 8 Unit Apartment Building $1,432,675 USD ($179,084 USD/Unit) 5.23% Cap Rate Alexandria, ON K0C 1A0
INVESTMENT HIGHLIGHTS
- Modern 8-unit building
- Building offers modern features, durability, and energy efficiency
- Alexandria's advantageous location provides easy access to neighboring cities
EXECUTIVE SUMMARY
Welcome to 73 Kenyon Street East in Alexandria. Modern 8-unit building featuring spacious 2-bedroom units, approx. 900 square feet per unit. Each boasting its own exterior entrance & the added convenience of a private balcony/terrace. Situated in the charming town of Alexandria, residents enjoy a convenient location and a strong sense of community. Alexandria's advantageous location provides easy access to neighboring cities. Each unit is equipped with a forced air gas furnace and electric hot water tank. Tenants pay for their own utility costs. Investors will appreciate the potential for rental income and value appreciation in Alexandria. With these buildings being recently constructed in 2018, they offer modern features, durability, and energy efficiency. As tenants move out over time, there is an opportunity to increase rents and maximize returns in this thriving real estate market. Don't miss out on the chance to be part of Alexandria's growth. 75 Kenyon also for sale.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$83,526
|
$10.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,526
|
$10.44
|
| Taxes |
$6,303
|
$0.79
|
| Operating Expenses |
$7,047
|
$0.88
|
| Total Expenses |
$13,350
|
$1.67
|
| Net Operating Income |
$70,175
|
$8.77
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $83,526 |
| Annual Per SF | $10.44 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $83,526 |
| Annual Per SF | $10.44 |
| Taxes (USD) | |
|---|---|
| Annual | $6,303 |
| Annual Per SF | $0.79 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $7,047 |
| Annual Per SF | $0.88 |
| Total Expenses (USD) | |
|---|---|
| Annual | $13,350 |
| Annual Per SF | $1.67 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $70,175 |
| Annual Per SF | $8.77 |
PROPERTY FACTS
| Price | $1,432,675 USD | Building Class | C |
| Price Per Unit | $179,084 USD | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| Cap Rate | 5.23% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | E2 - Employment Industrial | ||
| Price | $1,432,675 USD |
| Price Per Unit | $179,084 USD |
| Sale Type | Investment |
| Cap Rate | 5.23% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | E2 - Employment Industrial |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
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73 Kenyon St E
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