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4097 Main St 16 Unit Apartment Building $1,400,000 CAD ($87,500 CAD/Unit) 6.14% Cap Rate Belledune, NB E8G 2K9
INVESTMENT HIGHLIGHTS
- Ample space, proximity to grocery store, post office, school, and fishing.
EXECUTIVE SUMMARY
Ask for .... NO MONEY DOWN ... option.
Multi Family project will be fully renovated by current owner and sold to prospective buyer, such as REIT.
Subdivision land for sale to be negotiated.
Multi Family project will be fully renovated by current owner and sold to prospective buyer, such as REIT.
Subdivision land for sale to be negotiated.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
| Price | $1,400,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $87,500 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 54.00 AC |
| Cap Rate | 6.14% | Building Size | 19,278 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1951/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.56/1,000 SF |
| Zoning | Commercial - Flexible zoning... Institutional or Commercial, Mix residential / commercial. | ||
| Price | $1,400,000 CAD |
| Price Per Unit | $87,500 CAD |
| Sale Type | Investment |
| Cap Rate | 6.14% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 54.00 AC |
| Building Size | 19,278 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1951/2020 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | Commercial - Flexible zoning... Institutional or Commercial, Mix residential / commercial. |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
- Yard
SITE AMENITIES
- Green Community
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | $715.00 CAD | 680 - 710 |
| 1+1 | 4 | $650.00 CAD | 490 - 520 |
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MATTERPORT 3D EXTERIOR
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Presented by
Placements Et Entreprises Ronnie Losier Inc
4097 Main St
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