For Sale · Specialty

1007 Ridge Rd, North Range

1007 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

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$149K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 1007 Ridge Rd, North Range.

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.