For Sale · Multifamily

1515 Alexander Drive, Bathurst

1515 Alexander Drive, Bathurst, NB E2A3R3

$239,900 total

—

Asset Class

Multifamily

Size

—

Building class

A

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

91%

Lot Size

0.11465679563908808 ac

About this property

Welcome to this well-located up-and-down duplex in the heart of Bathurst! Offering two fully rented units, each featuring 2 bedrooms and 1 bathroom, this property is a great opportunity for investors looking to add to their portfolio or for a future owner-occupant looking for the added benefit of a mortgage helper. The property has seen some recent upgrades over the past year. Each unit has its own separate driveway as well as a separate electrical meter, offering added convenience and independence between the two units. A storage shed also provides additional space for everyday practicality. Centrally located, this property is just minutes from the hospital, schools, shopping, restaurants, and many of Bathursts everyday amenities. With both units currently rented, this duplex offers immediate rental income and plenty of potential. Whether youre looking to expand your investment portfolio or take your first step into real estate ownership while generating rental income, this property is well worth a look! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$240K
Down payment30% · $72K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$11K

Annual cash flow

$-2K

Cash-on-cash

-3.39%

DSCR

0.82

Going-in cap

4.52%

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

129,448

Households

53,237

Median income

$102,000

Median age

31.6

Daytime population

193,423

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 1515 Alexander Drive, Bathurst.

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.