Financial Numbers on a 6-Unit Income Property that sold in December 2017 in Vanier
This month Pat took an Income Property with 6 Apartments that was listed at $649,900 and sold for $605,000 in 160 Days, so it was on the market for a while before it actually sold.
Below are all of the financials on this property, where you can see that it had a CAP Rate of 5.2, which is pretty high, but also look at the amount it sold for and the Operating Expense Ratios.
At the end of the day, the buyer of this Building will put $8,809 in their pocket each month for a return of 4% on their investment, which was their original 35% Down-Payment of $211,750.
Vanier 6-Unit Building, Sold Dec. 2017