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For Sale · Multifamily

32-34 Bernier, Edmundston

32-34 Bernier, Edmundston, NB E3V1Y5

$375,000 total

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Asset Class

Multifamily

Size

—

Building class

A

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

87%

Year Built

1950

Lot Size

0.17 ac

About this property

TWO HOMES FOR THE PRICE OF ONE EXCEPTIONAL INVESTMENT OPPORTUNITY! A rare find offering incredible versatility and income potential! This unique property features two fully self-contained homes on one lot, perfect for investors, multi-generational living, or homeowners looking to offset their mortgage with rental income. The spacious main residence offers 4 bedrooms, 1 full bathroom, and 1 half bathroom, providing plenty of room for the whole family. The adjacent second home features 2 bedrooms, its own kitchen, and bathroom, offering a comfortable and independent living space. Each home benefits from its own private driveway, electrical meter, and heating system, providing convenience, privacy, and flexibility. Live in one and rent the other, accommodate extended family, or explore the potential of renting both properties! With 6 bedrooms combined and two independent living spaces, this is an opportunity you wont want to miss. DOUBLE THE HOMES, DOUBLE THE POSSIBILITIES! Call your favorite REALTOR® to schedule your private viewing (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$375K
Down payment30% · $113K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$14K

Annual cash flow

$-7K

Cash-on-cash

-6.40%

DSCR

0.65

Going-in cap

3.62%

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

42,843

Households

16,583

Median income

$116,500

Median age

35.2

Daytime population

45,205

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 32-34 Bernier, Edmundston.

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.