For Sale · Hospitality

7310 Main Street Unit# 206, Osoyoos

7310 Main Street Unit# 206, Osoyoos, BC V0H1V0

$184,000 total

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Asset Class

Hospitality

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

99%

Year Built

1991

About this property

LAKEFRONT investment condo with rental and vacation income opportunities! Located on the beaches of Lake Osoyoos at Desert Surfside Resort. A short walk to restaurants, coffee houses, shopping and entertainment. Nicely decorated studio. Complex complete with elevator and parking. Dogs are allowed with restrictions. Beach, sun and water activity in the summer - skiing and winter sports during the winter. This complex welcomes snowbirds! The income and expense statements are available (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$184K
Down payment30% · $55K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$850

Projected NOI

$14K

Annual cash flow

$4K

Cash-on-cash

6.41%

DSCR

1.35

Going-in cap

7.46%

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

97,711

Households

34,390

Median income

$123,500

Median age

39.1

Daytime population

109,616

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 7310 Main Street Unit# 206, Osoyoos.

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.