Quadruplex a vendre Estevan, immobilier Saskatchewan

REVENUE PROPERTY, Great opportunity to invest!!

Looking for some great revenue property Definitely come take a look at this apartment building with one full 3-bedroom apartment, 3 single suites and a bachelor suite.
- The 3 bedroom apartment is on the main level.
- 1 bachelor suite and 1 single bedroom apartment upstairs
- 2 single bedroom apartments in the basement.
- The main 3-bedroom apartment is 1200 sq. ft. plus the entrance. The upper apartments are about 350 sq. ft. and the lower apartments are about 450 sq. ft.
- There is central air in the main 3 bedroom and window air conditioner in upper level suites.
- All appliances included. There is a coin operated laundry pair for the building.
- Potential net operating income is approximately $3200 per month.
- Optional for a family to live in main apartment while renting out the remainder of the property for revenue.
- Tenants in place and wish to stay. Cash flowing investment property. Possession can be immediate. Main Apartment
- This deluxe apartment features 3 bedrooms, a kitchen/dining area combined, large living room, a full bath and a laundry room.
- There is a main entrance and then another that leads to the other apartments inside.
- The cupboards are wood and plentiful. The galley kitchen walks through to the dining room and there are plenty of windows with the adjoining living room.
- The 3 bedrooms are down the hall and a full bath and laundry room completes the space.
- Each of the bedrooms has a closet.
- There is carpet and lino throughout.
- This space is very accommodating for a family.

Exterior : Brick

Upgrades : Owners have been diligent at consistent upgrades to the building.
- New steel exterior door.
- Some new windows
- Some new sinks
- 2 new fridges
- New carpet in entrances
- Some new carpet in apartments

Extras :
- All appliances
- Coin operated laundry pair
- Light fixtures
- Window treatments
- Blinds
- Water heaters

Community :
- Bussing to schools
- Restaurants and other shopping amenities close by
- Leisure center and rink nearby This is a great opportunity to invest in revenue property. The brick exterior of the building has no maintenance and the seller is motivated.

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Steps to buy this property

So you decided you like this property and would like to make an offer.

Here are the steps.

1. Investigate Mortgage Options

As soon as possible in your buying process, make sure you can get the necessary financing to acquire the property. Consult a financial advisor and/or get a pre-approved mortgage. You will then know the exact amount of the loan that your financial institution is willing to lend you.

2. Get a Lawyer

It's important to hire a lawyer who specializes in real estate. You could find yourself in a bidding war for the home you want, and it doesn't hurt to have a lawyer look over any offer to purchase before you submit it. A real estate lawyer will also conduct a title search and check for outstanding taxes and liens on the property.

3. Make the Offer

You can contact your lawyer for help with filling out the offer document, which can be downloaded from the comfree website or provided to you by the seller. You then present the written offer to the seller. This document includes the price, conditions, deposit and closing date. The seller either accepts, rejects or counters the offer (also called "signing back" the offer).

4. Home Inspection or New Home Warranty

Hiring an inspector is voluntary, but it's a smart idea for resale homes. You can choose to make your offer to purchase the home conditional on the outcome of your inspection. If your inspection reveals major problems, you can negotiate those repairs with the seller before your deal closes, or legally withdraw your offer.

What is a New Home Warranty?

New Home Warranties are typically used when you buy a brand new home. The builder provides a New Home Warranty to cover things like deposits and completion dates, along with labour and materials for at least one year after the home was built. It also protects you against structural problems for a minimum of five years.

5. Finalizing the Deal

Finalizing the deal will include the final approval of your mortgage, a meeting with your lawyer to finalize details like insurance and conditions, and the results of a title search.

6. Moving Preparations

There's a lot to do before you move. Line up utilities and other services like phone, cable and internet. If you rent, you must give your landlord notice. Also, forward your mail to your new address and hire a moving company. Preparing these things well in advance will help you make a smooth transition to your new home.

7. Closing Day

This is the day you legally get possession of the house. Your lawyer completes the paperwork (so the home is in your name), payments are finalized and you receive the deed and the keys. Congratulations on your new home!

ComFree

Quadruplex for sale Estevan, $395,000

#202046 | 1337 7th Street

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