1/97 Ryan Lane, Bay Bulls
7 Ryan Lane, Bay Bulls, Newfoundland & Labrador A0A1A0
$3.5M total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
84%
About this property
UNIQUE BUSINESS OPPORTUNITY! LOCATED JUST 20 MINUTES FROM ST JOHNS. THREE SEPARATE BLDGS COMPRISING 24 RESIDENTIAL UNITS OF 10 ONE BEDROOM AND 14 TWO BEDROOM APARTMENTS APPROX 700-850 SQ FEET PER UNIT. SOME UNITS HAVE A LOFT FOR EXTRA STORAGE. ALL UNITS HAVE ELECTRIC HEAT AND SOME WITH MINISPLITS. DESIGNATED PARKING FOR EACH UNIT, PATIOS AND OR DECKS SOME WITH OCEAN VIEWS. RENTAL RATES VARY BASED ON SIZE OF UNITS. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$16K
Projected NOI
$96K
Annual cash flow
$-98K
Cash-on-cash
-9.32%
DSCR
0.50
Going-in cap
2.75%
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
91,483
Households
35,259
Median income
$123,000
Median age
36.5
Daytime population
79,524
5-yr growth
2.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 7 Ryan Lane, Bay Bulls.
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.