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For Sale · Multifamily

2577 Morien HWY Highway, Port Morien

2577 Morien HWY Highway, Port Morien, NS B1B1C3

$410,000 total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

100%

Year Built

2015

Lot Size

0.2266 ac

About this property

An excellent investment opportunity with ocean views in the coastal community of Port Morien. Built in 2015, this well-designed duplex features two spacious 2-bedroom units, each offering comfortable, modern living with plenty of storage. An attached single-car garage provides additional convenience and functionality. Set in a peaceful seaside community, the property is just minutes from local beaches and trails, with Glace Bay and Sydney only a short drive away. Exceptionally built and move-in ready, this duplex is an ideal opportunity for an investor looking to add a quality income property to their portfolio or a buyer looking to call one unit home while benefiting from rental income next door. For investors looking to further expand their portfolio, the neighbouring duplex at 2581 Port Morien Highway is also available for purchase, creating a unique opportunity to acquire two income-producing properties side by side. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$410K
Down payment30% · $123K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$21K

Annual cash flow

$-2K

Cash-on-cash

-1.44%

DSCR

0.92

Going-in cap

5.11%

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

139,831

Households

66,267

Median income

$138,000

Median age

41.7

Daytime population

222,260

5-yr growth

5.4%

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

Secure deal room

Confidential diligence documents for 2577 Morien HWY Highway, Port Morien.

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.