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Business For Sale · Multifamily

260 ACADEMY STREET, Loyalist (Bath)

260 ACADEMY STREET, Loyalist (Bath), ON K0H1G0

$6.1M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

94%

About this property

Fantastic Investment Opportunity To Acquire This Well Maintained And Fully Tenanted 35 Suite Residential Apt Building. Consists Of 35-2 Bedroom Suites, Tenant Pays Their Own Heat & Hydro Many Improvement Have Been Made To This Turn Key Building Conveniently Located Close To All Amenities Schools, Parks, Shopping & Recreational Center. Many Units Rented To Long Term AAA Tenants. Fully Occupied W/long Waiting List, The Building Is Monitored By Security Camera System. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$6.10M
Down payment30% · $1.83M
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$28K

Projected NOI

$249K

Annual cash flow

$-89K

Cash-on-cash

-4.88%

DSCR

0.74

Going-in cap

4.08%

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

112,707

Households

39,527

Median income

$66,000

Median age

40.8

Daytime population

167,511

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 260 ACADEMY STREET, Loyalist (Bath).

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.