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Main Photo: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
201827587
Year Built:
1965
15 unit apartment building with an additional two storey home with 2 units. Whether this is the start of your portfolio or an addition to your current holdings, this a great investment opportunity. All units are spacious two bedroom units, most have been renovated. Coin operated washers and dryers and storage available to the tenants. This building also has a paved parking lot, sprinkler system, security building, and its own fire alarm system. Internet has been upgraded to every floor. Owner has added all new windows, natural gas and bathroom vanities over the last several years. Flooring has been done in approximately 8 units in the last few months. Located in a quiet residential neighbourhood. House behind main building at 266 Washington Street is included in purchase price and has had some upgrades in flooring, kitchen and paint.
From Marsh Street, turn left onto Washington. Property is on right hand side.
Listing Sub-Area:
106-New Glasgow, Stellarton
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Lot Details:
33,000+/- sq.ft.
Prop Size:
0.5 to 0.99 Acres
# of Rental Units / Occupied:
16
Year built:
1965 (Age: 53)
Age:
53
# Floors:
2
Exterior Finish:
Wood Shingles
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Ceramic, Hardwood, Laminate, Vinyl
Roof:
Tar/Gravel
Heating:
Furnace
Fuel:
Natural Gas
Garage Description:
20' x 24'
Parking:
Yes
Parking Description:
Large paved lot behind building.
Driveway:
Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
5,450.00
Sewer:
Municipal
Num Units:
17
Num 2 Bed Units:
17
# Of Dryers:
4
# Of Fridges:
17
# Of Stoves:
17
# Of Washers:
4
Rental Income:
131,580.00
Laundry Income:
3,588.00
Approx. Net Income:
56,737.00
Insurance Expense:
4,850.00
Taxes Costs:
12,800.00
Maintenace:
14842.0
Management expense:
14,580.00
Betterment Charges:
Deed transfer tax
Snow / Garbage Collection:
3,335.00
Heating Bill:
14,800.00
Electricity Bill:
7,774.00
Approx. Total Expense:
78,431.00
Approx. Total Income:
135,168.00
Heat/Air Exchange, Laundry, Storage
17 fridges, 17 electric ranges, 4 washers, 4 dryers.
Park, Playground, Shopping, Golf Course, Marina, Recreation Center, School Bus Service
Range - Electric, Dryer, Washer, Refrigerator
None
Shed
No
Assessment:
695700.0
Assessment Year:
2018
Zoning:
R2
Elementary School:
New Glasgow Academy
Middle School:
New Glasgow Academy
High School:
North Nova Education Centre
Possession Info:
Negotiable.
Listed Date:
Nov 23, 2018
Days on Mkt:
25
  • Photo 1: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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  • Photo 2: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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  • Photo 3: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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  • Photo 4: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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  • Photo 5: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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  • Photo 6: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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  • Photo 7: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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  • Photo 8: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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  • Photo 9: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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  • Photo 10: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201827587
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Larger map options:
Listing information last updated on November 23, 2018 at 09:24 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$135,000
Min list price:
$24,900
Max list price:
$2,200,000
Avg days on market:
104
Min days on market:
24
Max days on market:
282
These statistics are generated based on the current listing's property type and located in 106-New Glasgow, Stellarton. Average values are derived using median calculations.
Beds (Min)
Any
1
2
3
4
5
Baths (Min)
Any
1
2
3
4
5
Priced between $ & $
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