For Sale · Multifamily

128 & 130 Renfrew Road, Hants

128 & 130 Renfrew Road, Hants, NS B2T1H6

$749,900 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

98%

Year Built

2024

Lot Size

0.3522 ac

About this property

A chance to own both sides of a beautiful two year old duplex unit on a slab. This building offers lots of opportunities such as highly accessible living for those with disabilities, sharing the units between family or friends, living on one side while renting the other, or renting both sides for pure income. This two unit building is mirrored versions of a 2 bedroom 2 full bath and comes equipped on each side with its own heat-pump, ensuite bathroom and dual closets off the primary bedroom, an open concept main living area and kitchen as well as their own heated garages. The rooms have large windows providing lots of natural light through the home. The parking offers more than enough space for each unit to have multiple cars with lots of room to turn as well. All of this in a very convenient location, just minutes from major grocery stores, 25 minutes to Dartmouth Crossing and 35 minutes to Truro, there is a lot to love here. Call your agent or Call your REALTOR(R) for a private viewing today. (id:66811)

Financial sandbox

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Estimate
Purchase price$750K
Down payment30% · $225K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$38K

Annual cash flow

$-3K

Cash-on-cash

-1.49%

DSCR

0.92

Going-in cap

5.09%

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

99,273

Households

38,902

Median income

$103,500

Median age

32.7

Daytime population

150,007

5-yr growth

4.4%

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

Secure deal room

Confidential diligence documents for 128 & 130 Renfrew Road, Hants.

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.