1/1560 - 62 Main Road, Cavendish
60 - 62 Main Road, Cavendish, Newfoundland & Labrador A0A1J0
$175,000 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
97%
Year Built
1969
About this property
OCEAN FRONT - Multi unit Building - Mostly furnished, renovated building. Selling with Church next door 62 Main Road - Church has yellow doors and separate survey. All units are Senior friendly - everything on one level. Laundry is shared and in a separate room with hot water tanks Unit 1 - Two bedroom, furnished - Approx. 730 sq. feet Unit 2 - Open concept fully furnished - Universal - 36 inch doors - Approx. 540 sq/ feet Unit 3 - Two bedrooms fully furnished - Approx. 730 sq. feet All units include heat, light and internet. New septic 2023 (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$808
Projected NOI
$6K
Annual cash flow
$-3K
Cash-on-cash
-6.42%
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
91,923
Households
31,854
Median income
$83,500
Median age
43.6
Daytime population
140,968
5-yr growth
6.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 60 - 62 Main Road, Cavendish.
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.