For Sale · Multifamily

179 Campbell Settlement Road, Rossville

179 Campbell Settlement Road, Rossville, NB E6G1Z2

$299,000 total

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Asset Class

Multifamily

Size

—

Building class

A

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

82%

Year Built

1971

Lot Size

0.5164497907019269 ac

About this property

Situated just outside Nackawic and conveniently located directly across the river from the Trans-Canada Highway, this purpose-built duplex presents an exceptional opportunity for savvy investors and live-in landlords alike. Offering two bedrooms on the main level and two additional bedrooms on the lower level, maximizing overall rental capability and living space. One unit has been beautifully renovated and updated, while the exterior of the building boasts newer roofing, siding, and energy-efficient windows for added peace of mind. Both units feature brand-new ductless heat pumps to deliver year-round heating and cooling comfort while keeping utility costs low. Currently earning $1,200 per month per unit, the financial returns speak for themselveschoose to hold the property as a turnkey, fully rented income producer, or move into one unit and let the tenant next door virtually cover your entire monthly mortgage payment. Basement bedrooms are non-conforming. (id:66811)

Financial sandbox

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Estimate
Purchase price$299K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$8K

Annual cash flow

$-8K

Cash-on-cash

-9.01%

DSCR

0.51

Going-in cap

2.84%

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

54,688

Households

22,146

Median income

$94,500

Median age

45.8

Daytime population

90,749

5-yr growth

6.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 179 Campbell Settlement Road, Rossville.

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.