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$399,900 total
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Asset Class
Specialty
Size
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Building class
C
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
85%
Prime Commercial & Residential Investment Opportunity Ideally situated on the main street (Woodward Ave) just steps from the downtown core, this property offers exceptional visibility and foot traffic within walking distance to banks, the post office, and local businesses. Key Features: 3 Fully Rented Storefronts: Established commercial spaces catering to a loyal, reliable clientele. 4 Rented Apartments: Immediate, steady residential rental income. 1 Unfinished Apartment: A prime value-add opportunity ready to be refinished to maximize total rental yield. A turnkey income-producer with upside growth potential—perfect for savvy investors seeking strong returns in a convenient location. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$21K
Annual cash flow
$-1K
Cash-on-cash
-1.03%
DSCR
0.94
Going-in cap
5.23%
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
137,566
Households
55,075
Median income
$112,000
Median age
34.5
Daytime population
183,599
5-yr growth
3.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 53 Woodward AVE, Blind River.
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.