13 Marine Drive, Marystown
13 Marine Drive, Marystown, Newfoundland & Labrador A0E2M0
$699,900 total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
93%
Year Built
1972
About this property
Outstanding opportunity here to own a Multi-Residential ""8"" three bedroom unit apartment building in Marystown located close to the commercial hub of the town. Built in 1975, the property has an effective age of approximately 20 years. All units have a fridge & range. There is a washer hook up in each unit however the appliance is not provided. Communal laundry room with coin operated laundry. Units are renovated as tenants vacate. The existing plumbing was replaced within the past 5 years. 600 amp electrical panel. Original owner (5 decades) is selling multiple apartment buildings in Marystown. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$34K
Annual cash flow
$-4K
Cash-on-cash
-2.14%
DSCR
0.88
Going-in cap
4.90%
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
64,371
Households
23,084
Median income
$84,000
Median age
43.8
Daytime population
92,517
5-yr growth
7.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 13 Marine Drive, Marystown.
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.