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$599,900 total
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Asset Class
Specialty
Size
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Building class
B
Zoning
US — Urban Services
$ / SF
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Occupancy
92%
2 houses on 1 lot + opportunity to sever and build! This unique property is a rare offering: a large detached 2.5 story family sized home with 4 bedrooms and 2 full baths PLUS a fully detached 1 bedroom, 1 bathroom house at the rear of the property. Both properties are connected to municipal sewer, water, natural gas furnace and central air conditioning. Both properties are currently vacant for ease of sale transfer but were previously rented out continuously generating over $4000 in monthly income through long term tenants and short term rental. A unique opportunity to explore severance of the lot (112.5 feet of frontage!) for additional development. Either property could be owner occupied with the other generating substantial monthly income, or purchase it as part of your growing real estate portfolio. Just 200 m from lake access, this property is easily rented seasonally, short term, and long term tenants alike. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$41K
Annual cash flow
$8K
Cash-on-cash
4.22%
DSCR
1.23
Going-in cap
6.81%
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
123,864
Households
43,728
Median income
$85,500
Median age
43.6
Daytime population
176,965
5-yr growth
7.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 10 CRESCENT PARK, Norfolk (Port Dover).
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.