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$844,900 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
90%
Year Built
2010
Lot Size
0.17099677280657102 ac
This beautiful, well-maintained building offers an excellent investment opportunity in the heart of Grand Falls. The upper level features four bachelor apartments, along with a separate common washroom for tenants. Three of the units include a fridge, stove, and some furnishings, making them ready to continue generating rental income or offering the potential for short-term rentals or a charming bed and breakfast. The main and lower levels are currently occupied by a two-storey daycare facility. Please note that the building is being sold only; the daycare business is not included in the sale. Built with quality materials and exceptional workmanship, this property is designed for comfort and efficiency, featuring a central heat pump for easy heating. Ideally located along the scenic Broadway Boulevard, one of New Brunswick's most picturesque streets, this property is just minutes from the famous Grand Falls gorge, walking trails, shopping, restaurants, and other local amenities. With excellent visibility in a high-traffic area and multiple income possibilities, this property offers outstanding potential for investors looking to own a versatile income-generating building in a prime location. (id:66811)
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Monthly debt service
$4K
Projected NOI
$33K
Annual cash flow
$-13K
Cash-on-cash
-5.30%
DSCR
0.71
Going-in cap
3.95%
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
65,110
Households
28,051
Median income
$135,000
Median age
39.7
Daytime population
75,280
5-yr growth
2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 336-338 Broadway Boulevard, Grand Falls.
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.