5/5A Marilyn Drive

Description

An income property opportunity is offered with a multitude of upgrades at 5 & 5A Marilyn Drive in Dartmouth. This side-by-side duplex is delivered completely vacant, allowing a buyer to immediately set 2026 market rents. Prior to recent renovations, the units generated rents of $2,400 and $2,600 per month, with tenants paying their own utility bills, currently reflecting a 7% cap rate. Operating expenses consist of approximately $2,600 per year for taxes and $3800 for insurance and maintenance. Power, heat, and water are separately metered for both units, minimizing landlord utility obligations. Each unit provides a 3-bedroom, 1.5-bathroom layout with a partially finished basement and a paved driveway accommodating two cars. In 2026 the extensive upgrades in both units included the electrical systems with new breaker panels, GFI plugs, switches, outlets and modern light fixtures. A new chimney was built from the ground up in 2026. New luxury vinyl plank flooring across all three levels in both units was added in 2026. Both units were freshly painted with designer colors throughout and fresh paint on the four exterior entrances was also added in 2026. The main and upper levels have vinyl windows, 3 of which are new as of 2026. The roof is 12 years old. Outside features include one fully fenced yard, one partially fenced yard, a storage shed for 5A. This property is located on a very quiet street, close to the fast developing and bustling Downtown Dartmouth core. To add even more value, the property has ER-3 zoning and the potential to be subdivided into two separate lots/two separate units. (Buyer to confirm with HRM). See Features Sheet for full list of upgrades. (id:56844)