For Sale · Multifamily

6162 Charles Street, Halifax

6162 Charles Street, Halifax, NS B3K1L4

$895,000 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

91%

Lot Size

0.0751 ac

About this property

Duplex in highly sought after central peninsula rental area near universities, downtown and hospitals. Over 60 ft long concrete driveway for ample parking. Washer dryer in each unit. Vacant, ready for tenants of your choice at market rents. Both units and exterior refreshed and ready to move in. Well maintained, solid property. Many recent windows and doors. Note, electric heat in upper and lower back bedrooms and upper bathroom.. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$895K
Down payment30% · $269K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$41K

Annual cash flow

$-9K

Cash-on-cash

-3.34%

DSCR

0.82

Going-in cap

4.54%

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

126,629

Households

44,378

Median income

$102,500

Median age

31.7

Daytime population

190,048

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 6162 Charles Street, Halifax.

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.