1837/1841/1845/1849/1853/1857/1861/1865 Regent Street, Regina, Saskatchewan
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This investment opportunity consists of 8 up/down duplexes (16 suites in total). All buildings are individually titled & all are situated beside each other. These properties must be purchased together for a total asking price of $2,040,000.00 ($255,000 per building). All buildings include a 3 bedroom, 1 bath upper level suite & a 3 bedroom, 1 bath lower level suite. All suites are self-contained & have separate gas, electrical & water meters (tenants pay all utilities). Property addresses of all 8 buildings are: 1837 Regent St, 1841 Regent St, 1845 Regent St, 1849 Regent St, 1853 Regent St, 1857 Regent St, 1861 Regent St & 1865 Regent St. This complex is owned by the original owner, who has renovated units over the years as tenants have turned over. Un-renovated units are a result of the long term tenants that have been in place for several years (some over 10 years). Some units are in very good condition and some units are in need of cosmetic repairs/updating. Rents in the units currently vary, some long term tenants in un-renovated units are paying $1080/month, with newer tenants in renovated units paying $1120/month. Combined 2017 Property Taxes = $21,967.67. Exterior of all buildings is stucco with asphalt shingles. Backyards are all individually fenced. The front of the buildings offer lots of parking with a huge concrete pad spanning the width of units 1837 to 1865 (all buildings have a double concrete drive, one spot for each suite/unit). All buildings have concrete foundations. All buildings were built with a crawl space beneath the lower level floor (approx 3’ deep), this prevents heaving to basement floors & makes units more serviceable. All units have wall Air Conditioner units, Fridge, Stove, Washer, Dryer, Owned Water Heaters & Owned Furnaces.