Package of 35-Rental properties in Brooks, AB,

Business Description

Real Estate Investment: Presenting a 3-Property Package of rental properties in Brooks, AB.

Totaling 35 units, this investment offers strong cash flow potential. It covers debt, provides a management salary, and ensures yearly profits. 

Brooks, like many Canadian regions, faces high rental demand and low supply. Remarkably, all three properties have maintained near-zero vacancy rates over the past 5 years.

Financial Summary

Property 1:

The property is rented out on a month to month basis (with leases). Has a full maintenance and management employee on site. Rent can continuously be raised to maximize on market conditions as seen in the financial statements.

19 Suites, 16 studios and 3, 2-bedrooms.

Fully renovated 2 years ago (full inspection report available)

2023 Gross Rev = $275, 769 (up from 2022 which was $237,877)
2023 Expenses = $70,000
NOI = $205,759

2024 Gross Rev (on pace) = ~$313,000
2024 Expenses the same as 2023 = $75k
NOI 2024 = ~$237,000 (Projected)

***Full Financials available***

Properties 2 and 3

Long term Rental Properties

2 x 8-Plexes side by side. Built in 2017 and 2018, 16 units total:
8 x 1-bedroom
4 x 2-Bedroom
4 x 3-Bedroom

**NO Vacancy in the past 6 years**

2023 Gross Revenue = 276,000
2023 Total Expenses = $48,140 (Including, Property tax, Insurance, R+M, professional fees, management)
NOI = $227,860

Package Totals
(2023)
Gross Rev = $551,769
Total Expenses = $118150
NOI = $433,619


Package Asking Price = $4,700,000 +GST

Qualified buyers please reach out immediately for the full information package.