For Sale · Multifamily

6 Brook Court, Elmsdale

6 Brook Court, Elmsdale, NS B2S1J8

$399,000 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

85%

Year Built

1970

Lot Size

1033.8736 ac

About this property

If you have been searching for a project or a flip home, this is just the property for you. Put your handyman passion to work on this home situated on a small street close to amenities, shopping and Hwy 102. This home was once an over and under duplex with kitchen, 2 bedrooms (easily converted to 3) and bath downstairs. The main floor has 3 bedrooms, eat in kitchen, living room and 4 pc bath. With lots of potential to put to use your imagination, creativity and skill, this home is being sold "as is" The 16 x 24 wired and heated garage is a bonus to house vehicles and your tools. Call your agent for a private viewing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$399K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$15K

Annual cash flow

$-7K

Cash-on-cash

-5.65%

DSCR

0.69

Going-in cap

3.85%

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

108,177

Households

48,638

Median income

$84,500

Median age

41.8

Daytime population

160,647

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 6 Brook Court, Elmsdale.

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.