













1/1541 Pleasant Avenue, Stephenville, Newfoundland & Labrador A2N1R9
$429,000 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
84%
Year Built
1955
Located in the center of town within walking distance to all local amenities, this turn-key four-unit apartment building presents an exceptional opportunity for investors or owner-occupants. The versatile, well-cared-for property features two spacious two-bedroom apartments (1.5 baths in Unit 1 and 1 bath in Unit 4) and two efficient one-bedroom, one-bathroom units. To keep operating expenses low, each residence is equipped with its own separate electrical service, along with convenient in-suite washer and dryer hookups. With dedicated parking for two vehicles per unit (eight spaces total) and an expansive, private backyard, this property stands apart from standard multi-family assets and makes an ideal addition to any rental portfolio. (id:66811)
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Monthly debt service
$2K
Projected NOI
$26K
Annual cash flow
$2K
Cash-on-cash
1.54%
DSCR
1.08
Going-in cap
6.00%
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
116,315
Households
48,897
Median income
$77,500
Median age
40.4
Daytime population
163,489
5-yr growth
3.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 41 Pleasant Avenue, Stephenville.
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.