For Sale · Multifamily

21720 TCH, North Tryon

21720 TCH, North Tryon, PE C0B1A0

$333,000 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

100%

Year Built

1942

Lot Size

1.11 ac

About this property

Welcome to this spacious and versatile duplex, perfect for families or investors looking for a great property in North Tryon, PEI. Step inside one unit and be greeted by a bright and welcoming living room featuring large, newer windows that flood the space with natural light. The living area flows seamlessly into the dining room, creating an ideal setup for family gatherings and entertaining.The kitchen features a unique layout with a pantry-style design with larger flex space. You will find a convenient half bathroom under the stairs and the combined laundry/porch area by the rear entrance complete the main floor. Upstairs, you?ll find three oversized bedrooms and a full bathroom. The second level also includes a staircase leading to the expansive attic space, a blank canvas ready for your finishing touches, whether it?s an additional bedroom, studio, or bonus room. The right side of the duplex offers a very similar layout with some differences. Note: All measurements are approximate and to be verified by the Buyer if deemed necessary. Listing agents are related to the Sellers. (id:66811)

Financial sandbox

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Estimate
Purchase price$333K
Down payment30% · $100K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$17K

Annual cash flow

$-1K

Cash-on-cash

-1.31%

DSCR

0.93

Going-in cap

5.15%

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

88,649

Households

34,489

Median income

$89,000

Median age

45.4

Daytime population

79,192

5-yr growth

6.9%

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

Secure deal room

Confidential diligence documents for 21720 TCH, North Tryon.

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.