Calling all investors. 16 unit apartment plus on site property manager suite and large on site office space up for grabs! Eight 1 Bedroom Units and Eight Bachelor studio units. All fully leased with direct rental payment. Vacancy rates in the the city are incredibly low, no problems keeping this building fully rented. Tenants pay their own electricity. Landlord covers heat and hot water. 4 year old Viessman efficient propane furnace, brand new Notifier fire alarm system, Environmental study complete, fire inspection complete, all maintenance complete. Rare opportunity, don't delay!
Listing Sub-Area:
13-Crichton Park, Albro Lake
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
16
Year built:
1960
(Age: 62)
Age:
62
# Floors:
2
Exterior Finish:
Brick, Wood Siding
Foundation:
Concrete
Basement:
Crawl Space, Partial
Floor Finish:
Carpet, Hardwood, Laminate, Tile, Vinyl
Roof:
Tar/Gravel
Heating:
Baseboard, Hot Water
Fuel:
Propane
Parking:
Yes
Parking Description:
Multi in the rear of property
Driveway:
Parking Spaces(s), Paved, Shared
Water Supply:
Municipal
Water And Sewage:
7545.63
Sewer:
Municipal
Num Units:
16
Num Bachelor Units:
8
Num 1 Bed Units:
8
# Of Dryers:
1
# Of Fridges:
17
# Of Stoves:
17
# Of Washers:
1
Rental Income:
Yes, 151,500.00
Laundry Income:
855.00
Approx. Net Income:
84,688
Insurance Expense:
4672.08
Taxes Costs:
9369.47
Other Costs:
3000.00 (appliances)
Maintenace:
18115.65
Management expense:
7470.00
Snow / Garbage Collection:
4405.03 & common janitorial
Heating Bill:
13,089.06
Electricity Bill:
see heating bill utility
Approx. Total Expense:
67,668
Approx. Total Income:
152,355
Apt Non-Conforming, Laundry, Security Building
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping
Data was last updated August 13, 2022 at 09:20 PM (UTC)
Area Statistics
Listings on market:
82
Avg list price:
$797,000
Min list price:
$149,900
Max list price:
$4,999,900
Avg days on market:
52
Min days on market:
1
Max days on market:
365
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.
