A rare offering in this region, with two 4-unit buildings on adjacent lots. Great rental history for all 8 units. The buildings have been well maintained and are located in one of the most active and vibrant villages in Nova Scotia. The area offers a multitude of recreational options with golf, beaches, ski-hill, nature trails, hunting and fishing close at hand. There are also all the amenities you may require within the village, including doctors, hospital, library, churches, dentist and shopping. A delightful and busy Main Street is home to craft shops, pharmacy, restaurants, banking, craft brewery and more. This type of housing has become very much in demand in recent times and will provide steady reliable income for years to come. Don’t miss this opportunity by hesitating-Act Now!
Listing Sub-Area:
103-Malagash, Wentworth
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
56'x60'
Lot Details:
47,677 sq.ft(as/NSPOL)
Outside Dimenions:
56" x 60"
Prop Size:
1 to 2.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
8
Year built:
1997
(Age: 24)
Age:
23
# Floors:
1
Exterior Finish:
Concrete
Foundation:
Slab
Basement:
None
Floor Finish:
Carpet, Laminate
Roof:
Asphalt Shingle
Heating:
Hot Water, In Floor, Radiant
Fuel:
Oil
Parking:
Yes
Parking Description:
2 spaces for each unit
Driveway:
Gravel, Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
4,305.59
Sewer:
Municipal
Num Units:
8
Num 2 Bed Units:
8
# Of Dryers:
8
# Of Fridges:
8
# Of Stoves:
8
# Of Washers:
8
Rental Income:
Yes, 76,800.00
Approx. Net Income:
38,845.97
Insurance Expense:
3,546.00
Taxes Costs:
8,724.08
Maintenace:
2540.77
Snow / Garbage Collection:
3,344.20
Heating Bill:
10,235.53
Electricity Bill:
5,257.86
Approx. Total Expense:
37,954.03
Approx. Total Income:
76,800.00
All apartments include washer, dryer, fridge and stove
Golf Course, Park, Playground, Recreation Center, Shopping, Ski Hill, Marina, Place of Worship, Beach
Range - Electric, Dryer - Electric, Washer, Refrigerator
Data was last updated January 24, 2021 at 03:20 AM (UTC)
Area Statistics
Listings on market:
52
Avg list price:
$184,900
Min list price:
$77,900
Max list price:
$1,550,000
Avg days on market:
78
Min days on market:
1
Max days on market:
483
These statistics are generated based on the current listing's property type
and located in
Northern Region. Average values are
derived using median calculations.