






1/81007 Ridge Rd, North Range, NS B0W1H0
$149,000 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
86%
Lot Size
0.4794 ac
INVESTORS, INCOME SEEKERS & OPPORTUNITY HUNTERS THIS ONE DESERVES A LOOK! If you have an eye for potential and aren't afraid of a little elbow grease, this three-unit income property could be exactly what you've been waiting for. Offering three separate units, with two already rented and generating income, this property gives you the opportunity to step in and start building your investment portfolio from day one. Yes, there's work to be done. The building is in need of some TLC, but that's where the opportunity lies! Whether you choose to make improvements, renovate and increase rental potential over time, or simply continue renting the units in their current condition while collecting income, there are options here. With three units under one roof, the possibilities are worth exploring. Add value through renovations, improve the rental income, or take a more hands-off approach and let the existing income help carry the investment. Not every investment comes wrapped up with a bow. Sometimes the best opportunities are the ones where you can see the potential that others overlook. Bring your vision, run your numbers, and take a closer look. This could be your next income-producing investment! (id:66811)
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Monthly debt service
$688
Projected NOI
$8K
Annual cash flow
$-471
Cash-on-cash
-1.05%
DSCR
0.94
Going-in cap
5.23%
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.
Trade area within 3 miles of the property.
Population
81,810
Households
30,318
Median income
$80,000
Median age
43.9
Daytime population
75,158
5-yr growth
6.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1007 Ridge Rd, North Range.
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.