Description
RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.0% going-in capitalization rate at the asking price. The property includes four 2-bedroom apartments, established tenants, commercial-grade laundry and a newly constructed four-unit storage building. More than $212,000 has been invested in capital improvements and major building upgrades since 2022, including a new Ecoflo septic system, drainage management system, well equipment, bathroom renovations, commercial laundry equipment, insulation, exterior doors and other significant improvements. The result is an income-producing multifamily property with substantial infrastructure work already completed and approximately $58,149 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available.
- ID:
- 202616349
- Category:
- Multi-family
- Status:
- Active
- MLS® Number:
- 202616349
- Common Interest
- Freehold
- Parcel Number:
- 40164063
- Year Built:
- 1972
- Building Type:
- Fourplex
- Community Name:
- Lake Echo
- Days On Market:
- 103
- Balcony
- School Bus
- Recreational Facilities
- Washer
- Refrigerator
- Stove
- Dryer
- Storage - Locker
- Baseboard heaters
- Oil
- Concrete Slab
- None
- Stucco
- Vinyl
- Laminate
- Parking Space(s)
- Gravel
- Fourplex
- Drilled Well
- Septic System
Inquire Today
Dawn Magee
MLS® Listing data is provided by The Canadian Real Estate Association (CREA) and is deemed reliable but not guaranteed. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and related logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listing information is provided by participating real estate brokerages.