For Sale · Multifamily

172 Pim ST, Sault Ste. Marie

172 Pim ST, Sault Ste. Marie, ON P6A3G8

$350,000 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

98%

About this property

Welcome to 172 Pim Street, a recently renovated duplex in a great central location. This property offers two spacious units with a strong rental setup and plenty of flexibility for an investor or owner-occupant. The main floor features 2 bedrooms plus 2 dens, while the upper level offers a generous 4-bedroom layout. Both units have been recently updated and well maintained, and each unit has its own separate laundry for added convenience and privacy. The main floor is currently rented for $1,700 per month and the upper unit is rented for $2,080 per month, providing a solid income stream from a well-located property. With recent renovations, separate laundry, and excellent rental potential, 172 Pim Street is a great opportunity for investors or buyers looking for a versatile duplex. (id:66811)

Financial sandbox

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Estimate
Purchase price$350K
Down payment30% · $105K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$19K

Annual cash flow

$-633

Cash-on-cash

-0.60%

DSCR

0.97

Going-in cap

5.36%

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

88,329

Households

39,173

Median income

$110,000

Median age

33.5

Daytime population

76,407

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 172 Pim ST, Sault Ste. Marie.

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.