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Scarborough Townhouse Complex|Under Due Diligence|

Scarborough

Commercial

Equity Purchase

$4500000

Scarborough Townhouse Complex

description

Total Estimated Profit: $950,000

Cash on Cash return: 24%

Cap rate: 3.9%

The property consists of five townhouse units ( and one unbuilt unit) in need of minor upgrades to be in a rentable condition. We propose a hybrid approach where the units are rented for three to five years and sold thereafter. This will require the property to be transferred to a leasehold arrangement where each unit can be sold individually.

Scarborough

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