Business For Sale · Multifamily

239-245 East Street, St Anthony

239-245 East Street, St Anthony, Newfoundland & Labrador A0K4T0

$270,000 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

91%

Year Built

1950

About this property

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)

Financial sandbox

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Estimate
Purchase price$270K
Down payment30% · $81K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 239-245 East Street, St Anthony.

NDA required
  • 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.