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For Sale · Multifamily

139 FORSYTH STREET South, Sarnia

139 FORSYTH STREET South, Sarnia, ON N7T3A8

$299,900 total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

97%

Year Built

1900

About this property

Spacious tri-plex available under power of sale. Property sold ""as is where is"" with no warranties. Main floor and basement are vacant and require renovations. 2nd floor is tenanted. Close to downtown and all amenities. A GREAT OPPORTUNITY FOR INVESTORS LOOKING TO ADD A MULTI-UNIT PROPERTY TO THEIR PORTFOLIO.. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$300K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$13K

Annual cash flow

$-3K

Cash-on-cash

-3.50%

DSCR

0.81

Going-in cap

4.49%

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

73,058

Households

30,176

Median income

$133,000

Median age

36.4

Daytime population

94,401

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 139 FORSYTH STREET South, Sarnia.

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.