For Sale · Specialty

863 Roseberry Road RTE 208, Belfast

863 Roseberry Road RTE 208, Belfast, PE C0A1A0

$225,000 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

92%

Year Built

1997

Lot Size

15.2 ac

About this property

Cabin in the woods on 15 acre waterfront property featuring 1,340 feet of waterfrontage, beautiful sandy shoreline, and easy water access. Perfect for kayaking, canoeing, paddleboarding, row boating, swimming and endless outdoor adventures. Nestled among the trees is the cabin with approximately 1,400 sq. ft. Features include a well, septic system, 100 amp electrical panel powered by generator, older wood stove, kitchen cabinets, three piece bathroom, vinyl windows, steel front and back doors, patio door, and an insulated upper loft area overlooking the waterfront. The new owners can modify the cottage or take it to the next level with solar power or explore bringing electrical service to the cabin. Enjoy campfires under the stars, woodland trails, vegetable gardening, and room for the new owner to grow with future buildings, such as detached garage or barn on the 15 acres. Access is a trail that is a 24 foot wide right of way from a year round paved road called Roseberry Rd. A rare opportunity to own your own waterfront with 15 acres, let the adventures begin! Some pictures are brightened AI. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$225K
Down payment30% · $68K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$15K

Annual cash flow

$3K

Cash-on-cash

4.16%

DSCR

1.23

Going-in cap

6.79%

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

116,510

Households

54,878

Median income

$98,000

Median age

42.9

Daytime population

155,788

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 863 Roseberry Road RTE 208, Belfast.

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.