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• Seller may take a second mortgage
• Introduction to commercial Mortgage Broker can be arranged
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• 65% first mortgage to qualified prospects up to 70% possible
• Seller will provide Rent Roll Leases
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• All expenses are approximate – Seller will prove with exact numbers
• Tenants pay their own hydro
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• Rent does not include HST, Tenants pays extra
• Landlord pays Heat and Water
• Basement has potential to rent out
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CASH FLOW AND OPERATING EXPENCES PER YEAR (AVERAGE)
Insurance 5,064.00
Property Taxes 19,634.00
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Maintenance and Garbage 7,732.00
Water (Based on 2008 -2009 Bills) 5,127.00
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Hydro (Based on 2008 -2009 Bills) 1,355.00
Gas (Based on 2008 -2009 Bills) 8,655.00
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TOTAL 47,567.00
RENTAL GROSS INCOME 149,700.00
TROTAL EXPENSES 47,567.00
CASH FLOW AVAILABLE 102,133.00
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additional $50,000 contract just signed. option to buy contract with plaza to be negociated
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