This deal is NO LONGER
AVAILABLE
Summary
-
23-space parking lot in good shape - truly passive income!
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Purchase price is $14,500 below list
-
Cash flow is $2,584 per year
-
Existing customers include residential and commercial tenants
from nearby buildings and are long-term tenants
-
Potential for increasing income and property
value
-
Located in the greater Ottawa area
|
Assignment Fee: |
$2,000 |
|
Deadline: |
Oct. 19th, 2006 |
|
Closing Date: |
Dec. 4th, 2006 |
|
Funds
Required: |
$27,875 * |
|
Cash Flow ROI: |
9.3% |
|
Total
ROI: |
73.9% |
|
Special Terms: |
$5,000 cash back at closing |
|
Proforma:
(Adobe PDF) |
Profit Analysis - 35% down payment |
* 'Funds Required' is based on
commercial financing, estimated
closing costs, 35% down payment, and cash back at closing. RRSP mortgages or other secondary
financing could be added to reduce down payment requirements.
Potential for increasing profit
-
Not all spaces are occupied - Filling the remaining
spaces can bring the lot up to its maximum income. Refer to the
potential proforma to see
what the return could be.
TAKE ACTION - Buy this deal NOW
Serious inquiries only please
