This Property Is For Sale

Address: Location : Listing Price : Type : # of Apartments :

Maclaren Street Golden Triangle $ 1,200,000 Triplex 4

Find out your home's Walk Score:

Located in the Golden Triangle, the Victorian Executive Suites are 1 block from the Canal in a beautifully maintained century-old mansion converted into a legal triplex with an additional 1 bdrm unit in the bment. Features include outstanding woodwork, numerous stained glass window hangings & offices in the upper units. Each apt is fully furnished & comes equipped with numerous amenities. Utilities are included in the rent.

Financial data has been provided by the Seller & has been prorated to reflect a full year's operation. Day time showings & 24 hour notice preferred to accommodate tenants. Please leave business card in each unit. Seller will consider a VTB with a substantial downpayment. Contact L/A for inventory details.



Visit the apartments and floor plans.

Apartment 1

Apartment 2

Apartment 3

Apartment 4

Property Details:

Type:  Triplex

Year Built:  1895/approx.

Possession:  Immediate

Parking:  5 surface

Lot Size:  58.00 x 110.00

Exterior:  Brick

Flooring:  Wood, Tile, Carpet Wall to Wall, Mixed

Equipment:  3 dishwashers, 4 stoves, 4 fridges, 1 washer & dryer

Taxes:  $ 8,546/2008

Assessment:  $ 881,000/2008

Annual Operating Expenses:

Management:  $ 10,020

Property Tax:  $ 8,546

Insurance:  $ 2,443

Water/Sewer:  $ 805

Heat:  $ 4,500

Hydro:  $ 4,565

Cable/TV:  $ 2,400

Security:  $ 350

Projected Annual Rental Income:

Projected Rental Income from Apartments  $ 99,000

Apartment # 1  $ 2,500

Apartment # 2  $ 2,500

Apartment # 3  $ 2,400

Apartment # 4  $ 850

Projected Parking Income:  5 spaces at $ 1200/each total annual $ 6,000

Projected Rent Income/Total Income:  $ 105,000

Actual Vacancy Loss:  $ 14,000 (April 08-March 09)

Prorated Total Operating Expense  $ 33,629 (Jan-Dec 08)

Approx Net Operating Income:  $ 57,371 (April 08 - March 09)

Approx Cash Flow:  $ 57,371

Vacancy Percent:  14.14%

Management Percent; 11.01%

Total Operating Expense Percent:  36.95%

Utilities Information:

Heat:  Hot water, Baseboard, Convection

Fuel:  Natural gas, electric

Air Conditioning:  Wall & window units

Fireplace:  1


The above information is deemed accurate but not warranted.

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