For Sale · Specialty

27 Upper Golden Grove Road, Upper Golden Grove

27 Upper Golden Grove Road, Upper Golden Grove, NB E2S2X9

$399,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

97%

Year Built

2002

Lot Size

1.5 ac

About this property

Rural-zoned for both commercial and residential use, this versatile property sits on 1.5 acres and is conveniently located just minutes from the highway, East Saint John Shopping Centre and Saint John Airport. Offering over 3,300 sq. ft. of living space, the property features three separate units. The main commercial space, offers the flexibility to continue as a grocery store or office space, or be converted to residential use. The other two bright and spacious units include a two-bedroom apartment and a three-bedroom, two-bathroom apartment, offering excellent options for owner occupancy, rental income or extended family living. Laundry plumbing and electrical connections are already in place for future washer and dryer installation. Outside, a large front parking area provides ample space for residents and visitors. Four separate exterior entrances add flexibility for different living arrangements and potential future use. A unique opportunity for homeowners, multi-generational families or those looking to generate rental income while enjoying plenty of space and future possibilities. (id:66811)

Financial sandbox

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Estimate
Purchase price$399K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$25K

Annual cash flow

$3K

Cash-on-cash

2.54%

DSCR

1.14

Going-in cap

6.30%

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

114,811

Households

50,566

Median income

$96,500

Median age

31.6

Daytime population

159,552

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 27 Upper Golden Grove Road, Upper Golden Grove.

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.