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$239,900 total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
91%
Lot Size
0.11465679563908808 ac
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)
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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.
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.
Confidential diligence documents for 1515 Alexander Drive, Bathurst.
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.