For Sale · Multifamily

280 Albert ST, Sault Ste. Marie

280 Albert ST, Sault Ste. Marie, ON P6A1B6

$159,900 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

93%

About this property

Centrally located family home with "Duplex" potential. Close to Greco Pool, International Bridge, Hub Trail, Canal District and other amenities. Second floor bathroom recently updated. 1 1/2 car garage and fenced in backyard area. Currently used as a single family dwelling with 2 bedrooms. Call today to book a private viewing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$160K
Down payment30% · $48K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$738

Projected NOI

$6K

Annual cash flow

$-3K

Cash-on-cash

-5.88%

DSCR

0.68

Going-in cap

3.78%

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

119,969

Households

53,017

Median income

$71,500

Median age

39

Daytime population

159,686

5-yr growth

3.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 280 Albert ST, Sault Ste. Marie.

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.