112 116 Rue Léo, Longueuil (Le Vieux-Longueuil) J4G 1J1

112-116 Léo Street | Vieux-Longueuil -- Fatima Neighborhood

A great opportunity to purchase a detached triplex built in 2006, consisting of three 4½-room units and offering an attractive proposition for both investors and buyers who may eventually wish to live there themselves.

RENTAL INCOME
All three units are currently rented, and the leases expire on June 30, 2027.
- 112: $1,771/month
- 114: $1,745/month
- 116: $1,670/month
Current gross income: $5,186/month, or $62,232/year.
This rental structure allows the buyer to benefit from established income immediately upon purchase. The ground-floor unit is also a particularly attractive option for a buyer who might eventually consider a owner-occupant strategy, subject to applicable regulations and current leases.

PROPERTY FEATURES
Built in 2006, this detached triplex stands out for its brick exterior on all four sides. It sits on a lot of approximately 5,325 sq. ft. and features a paved driveway with up to 6 parking spaces.
Each unit is a 4½-room apartment with two bedrooms and its own washer-dryer set. The building is also equipped with three wall-mounted heat pumps.

UPGRADES AND AMENITIES
Several renovations and upgrades have been completed over the years:
- Roof replaced in 2021
- 12,000 BTU wall-mounted heat pump installed in each of the three units in 2021
- Asphalt driveway installed in 2021
- Shed added in 2021
- Defogged windows in 2021
- Water heaters in each apartment replaced in 2019
There is also a hot tub on the premises. It is provided as is, with no guarantee of functionality.

LOCATION
Located in the Fatima neighborhood of Vieux-Longueuil, the building benefits from an established residential setting and proximity to numerous amenities: schools, daycare centers, a park, a bike path, public transit, a CEGEP, and a hospital.
The location also offers convenient access to Route 132 and the Louis-Hippolyte-La Fontaine Tunnel, making it easy to travel to Montreal and various areas of the South Shore.

A VERSATILE PROPERTY
Three 4½-room units, $62,232 in annual gross income, a relatively recent construction for a triplex, six parking spaces, and several improvements already completed: 112--116 Léo Street combines the features sought after for a real estate investment in Longueuil.
A property worth considering both for enhancing a real estate portfolio and for planning future occupancy.

At $1,100,000, a gross income of $62,232 also yields a MRB of approximately 17.68.