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$270,000 total
—
Asset Class
Multifamily
Size
—
Building class
C
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
91%
Year Built
1950
Located in the heart of St. Anthony, this building is ready for a new owner with a keen eye and a handy touch. Priced for value, this multi-unit property offers a rare opportunity to add sweat equity and transform it into a highly profitable income generator. While the building is in need of TLC, the structure is solid and the bones are there. With cosmetic updates and modern upgrades, you can unlock significant rental income potential in a growing rental market. Centrally located in town – close to amenities, hospital, and schools Spacious lot for parking. Strong rental demand in the area. Property is sold as is where is Huge Upside Potential: Ideal for the savvy investor or contractor Projected high ROI once updated Affordable entry point into multi-unit ownership Great candidate for long-term rentals, staff housing, or short-term rentals Whether you're looking to renovate and rent, flip, or hold for steady cash flow, this building is your blank canvas. Don't miss out on this rare opportunity to breathe new life into a solid structure and build long-term wealth in a beautiful Newfoundland community. As is where is. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$10K
Annual cash flow
$-5K
Cash-on-cash
-6.41%
DSCR
0.65
Going-in cap
3.62%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
99,254
Households
41,931
Median income
$112,000
Median age
33.6
Daytime population
116,944
5-yr growth
8.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 239-245 East Street, St Anthony.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.