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Business For Sale · Multifamily

35 UNION STREET, Belleville (Belleville Ward)

35 UNION STREET, Belleville (Belleville Ward), ON K8P2B5

$9.5M total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

91%

About this property

Fantastic Investment Opportunity To Acquire This Well Maintained And Fully Tenanted 45 Suite Residential Apt Building. Consists Of 35-2 Bedroom Suites & 10-1 Bedroom Suites, Tenant Pays Their Own Heat & Hydro. Many Improvement Have Been Made To This Turn Key Building Conveniently Located Close To All Amenities Schools, Parks, Shopping & Recreational Center. Many Units Rented To Long Term Aaa Tenants. Fully Occupied W/Long Waiting List, The Building Is Monitored By Security Camera System. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$9.50M
Down payment30% · $2.85M
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$44K

Projected NOI

$356K

Annual cash flow

$-171K

Cash-on-cash

-5.99%

DSCR

0.68

Going-in cap

3.74%

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

126,621

Households

49,674

Median income

$122,000

Median age

34.6

Daytime population

164,040

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 35 UNION STREET, Belleville (Belleville Ward).

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.