1/15139 1 Street S, Lomond
139 1 Street S, Lomond, AB T0L1G0
$249,900 total
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Asset Class
Multifamily
Size
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Building class
A
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
85%
Year Built
1970
Lot Size
0.13763757579950875 ac
About this property
NO QUALIFYING MORTGAGE : Available with 25% Downpayment. (WOW what a deal). *****Unit 139A (3 Bedroom) $1450.00/Mo. Lease Ends July 30,2027(Owner Pay's Gas ,Electricity Approx. $200/ Mo.*** water,sewer,& Garbage $142 /Mo .****** Unit 139B (2 Bedroom) Rent $891/Mo. : Month to Month Tenancy .Tenant pays heat & electricity (Owner pays Water,Sewer,Garbage $142/Mo. ),Insurance Approx. $2200 /Yr.***** Well maintained property inside and out .En-suite laundry ,separate furnaces. Corner lot with lots of OFF street and ON street parking.Property Manager lives in LOMOND and can continue to Manage Property . Employment continues for maintenance of Windmills, Solar Farm , And OLE Agricultural operation. Good demand for Tenants(Great Return on Investment) or Live in one side and Rent out the other side . Property is well maintained and managed. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$8K
Annual cash flow
$-6K
Cash-on-cash
-8.32%
DSCR
0.55
Going-in cap
3.04%
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
111,855
Households
47,465
Median income
$69,000
Median age
37.1
Daytime population
112,859
5-yr growth
1.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 139 1 Street S, Lomond.
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.