Westboro fourplex - off market opportunity

Rents:

• Basement Unit Studio $1,300.00
• Main Floor Unit two bed $2,350.00
• Second Floor Bachelor $1,500.00
• Second Floor two bed $2,000.00

The units are all inclusive and the following features:

• One furnace servicing the second floor units, located on the second floor
• One furnace servicing the main floor unit, located within the unit
• Basement is electric heat.  We have found forced air in basements to not be as good compared with the electric heat
• There is a mechanical room before entering the basement unit that will house HWT etc.
• All units come equipped with appliances and laundry units.
• There are three parking spots in the back

Expenses:

• Property Tax $7,000.00 ( after re assessment likely, current around 5k)
• Hydro $3,000.00 ( budgeting high)
• Gas $2,600.00 ( budgeting high)
• Insurance $4,000.00 estimating high

Revenue: $85,800.00

Expenses: $16,600.00 

** I do think the rents will come in higher, but I'm keeping the rents low to be conservative. Expenses are estimated**.

NOI: $69,200.00 - I think it will be closer to $73,000.00 to $75,000.00 however.

Asking price is $1,425,000.00.