Fantastic investment opportunity to gain a fully rented term lease three-unit building in one of the quietest neighborhoods. Upgrades include a new roof in November 2021, electrical upgrades, plumbing upgrades, renovated modern units, re-insulating the entire building (R-50+), and the addition of the laundry room for tenants. This property has a big spacious yard, with ample parking, fantastic bones, with the updating already complete! All 3 units are currently rented furnished on short-term 3 month leases, giving any new owners tons of freedom. Only a short drive to many local beaches, so this could also be a fantastic AirBnB opportunity!
Listing Sub-Area:
108-Rural Pictou County
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
35.10x22.10+18x12.8
Lot Size:
0.5 acre(s)0.202 hectare(s)
Prop Size:
0.5 to 0.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
3
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Full, Undeveloped
Floor Finish:
Carpet, Hardwood, Laminate, Linoleum
Roof:
Asphalt Shingle
Heating:
Forced Air, Furnace
Fuel:
Electric, Oil
Parking Description:
Gravel Driveway
Driveway:
Gravel
Water Supply:
Drilled Well
Sewer:
Municipal
Num Units:
3
Num Bachelor Units:
1
Num 1 Bed Units:
2
# Of Fridges:
2
# Of Stoves:
2
Rental Income:
Yes, 40800
Approx. Net Income:
20997
Insurance Expense:
1528
Taxes Costs:
800
Other Costs:
780
Maintenace:
4080.0
Management expense:
4080
Snow / Garbage Collection:
100+400 lawn
Heating Bill:
7215
Electricity Bill:
100
Approx. Total Expense:
19083
Approx. Total Income:
40800
Laundry
All appliances included. Furnishings are negotiable.
Data was last updated December 5, 2023 at 07:20 PM (UTC)
Area Statistics
Listings on market:
65
Avg list price:
$299,900
Min list price:
$89,000
Max list price:
$11,500,000
Avg days on market:
56
Min days on market:
3
Max days on market:
554
These statistics are generated based on the current listing's property type
and located in
Northern Region. Average values are
derived using median calculations.
This bungalow is the perfect opportunity for first time home buyers, downsizers or anyone looking for a home in a well established neighborhood within walking...