Building for Sale in Calidonia, PH Novolux

Investment Opportunity in PH Novolux – Calidonia

Sale Price: $3,200,000

This modern building features 40 units distributed among apartments and commercial spaces, ideal for investors seeking profitability and growth. With a monthly administration expense of $1,500, the updated figures are as follows:

• Estimated Monthly Income: approximately $29,010, including Airbnb rentals (25 units), monthly rental units (15 units), one commercial space, and laundry facilities.
• Estimated Annual Income: approximately $348,120.

The building offers:

• 40 apartments equipped with air conditioning (York, Panasonic, Fiori) and 32" and 43" Smart TVs.
• 2 commercial spaces on the ground floor (~400 m²).
• Hikvision HD cameras (20 units) for security.
• 5-stop elevator (11 passenger capacity), installed in 2019.
• Coin-operated laundry facilities (MyTag & Whirlpool).
• RM3C2 zoning.
• Internet and cable included in maintenance.

Approximate Monthly Expenses:

• Electricity (included in rent): $3,300
• Cleaning and Water: $561
• Elevator Maintenance: $190
• Internet and Cable TV: $113
• Administration: $1,500

Based on these figures, the property presents a Cap Rate of 10.1%, with an estimated annual Net Operating Income of $324,252.

Contact us to schedule a viewing!