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$1.9M total
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA9 — High Rise
$ / SF
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Occupancy
98%
11 Unit apartment building plus 3 bedroom house and large double car garage /workshop on approx 5 acres. Building meets all code requirements. Newer septic system. Water purification, deep drilled well, Fire alarm hard wired . High demand apartments. 2 - 3 bedroom units 6 - 2 bedroom units 3 - 1 bedroom units Net income $148,000.00 (if house and garage are also rented) (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$9K
Projected NOI
$98K
Annual cash flow
$-10K
Cash-on-cash
-1.68%
DSCR
0.91
Going-in cap
5.04%
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
89,463
Households
41,754
Median income
$75,500
Median age
40.6
Daytime population
146,157
5-yr growth
3.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 44 Robertson Lake RD, Vankoughnet Township.
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.