Business For Sale · Multifamily

44 Robertson Lake RD, Vankoughnet Township

44 Robertson Lake RD, Vankoughnet Township, ON P0S1E0

$1.9M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

98%

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.95M
Down payment30% · $585K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 44 Robertson Lake RD, Vankoughnet Township.

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.