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For Sale · Multifamily

167 JOHN Street, Sault Ste. Marie

167 JOHN Street, Sault Ste. Marie, ON P6A1P2

$89,900 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

Priced to sell at just $89,900! Opportunity awaits with this all-brick triplex featuring two 1- bedroom units and one bachelor unit, along with a detached double garage. This solid brick building offers forced air heating. There is plenty of potential for the right buyer. Currently vacant and in need of repairs and improvements, this property presents a great opportunity for investors or those looking for a project. Bring your vision and breathe new life into this multi- unit property! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$90K
Down payment30% · $27K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$415

Projected NOI

$3K

Annual cash flow

$-2K

Cash-on-cash

-7.56%

DSCR

0.59

Going-in cap

3.27%

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

50,183

Households

20,877

Median income

$121,500

Median age

36.3

Daytime population

72,207

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 167 JOHN Street, 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.