For Sale · Specialty

41 Pleasant Avenue, Stephenville

41 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

About this property

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)

Financial sandbox

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Estimate
Purchase price$429K
Down payment30% · $129K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 41 Pleasant Avenue, Stephenville.

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.