Purchase Of :Mixed Use; Comm./Residential Property Old Port & Ville Marie/Downtown / Mont Royal region. My soul intention is to maintain healthy NOI creating a multi-use property with a 70%-80% Residential rent roll ( top 2 floors rentals and 2 mid floors as a B&B; 2 street level Commercial units [ Café Lounge & Irish Cuisine 'Restaurant. I am accomplishing higher income per square foot with the commercial units and attracting tourists year round to the 10 room B&B { $13,000 monthly off season }& $22,000 monthly season } And will maintain 8 two bedroom apartments above ( top 2 or 3 floors ) . Operating the income in this way will keep CAP rate above 10%.
Comment Wall (1 comment)
You need to be a member of Real Estate Finance to add comments!
Join Real Estate Finance
I am in this business to succeed, and RE is the career I was born to grow. I "Think Outside The Box" in terms of keeping a property rented and maintaining a healthy CAP rate. I want to succeed well for myself and make sure my Lenders/ Investors are happy to. This is my start, and I invite all investors out their to connect with me and discuss my business and help me to be a great success. Thank You All