Revenue property - For sale - 305 Rue St-Jean, Drummondville

----DESCRIPTION----
In the heart of Drummondville's action, discover this income property consisting of 6 units, including 4 residential units and 2 commercial spaces, fully leased, generating an annual gross income of $50,760. Located just steps away from Drummondville's main artery, Boulevard St-Joseph, the CLSC, and chain stores, the location of this building is ideal for a street-front business. Moreover, you will notice the multiple recent renovations that make it a safe and modern investment!


----HIGHLIGHTS----
Current income of $50,760 per year with lease increase notices for the 2024-2025 renewal period to $53,280 per year.
--4 residential units (3x 2 1/2 and 1x 3 1/2)
--2 commercial spaces

Renovations carried out on the building since 2018:

#305 Commercial:

--Plumbing and electricity in the commercial part, in the bathrooms (2), the dinette, offices (4), and the laundry area
--Divisions and finishes (walls, moldings, added recessed lights, changed interior doors, commercial-grade flexible vinyl tile floor
--New front and back doors, new front office window
--Exterior cladding in fiber cement
--Front stucco renewed and painted
--Front floor (entrance/vestibule) redone
--Repainted walls
--Rear gutters changed
--Rear floors completely redone and asphalted
--Front and rear entrances redone

#305-C Commercial:

--Electricity partially redone
--Change of baseboard heaters and thermostats
--Neighboring concrete wall completely redone
--Bathroom redone and floor covering changed
--Change floor covering in the back to commercial-grade flexible vinyl tiles
--Added suspended ceiling and recessed lights
--Completely repainted

Ground floor #305-A residential (2 1/2):

--Toilet changed in 2020, and the entire unit was painted in 2021