A rare opportunity to purchase a purpose built 6 unit building (2-1BR-4-2BR) located just up from the Armdale round-a-bout with a bus stop out front. A solid built building that has been extensively renovated and maintained in the last few years. Each unit has front and back doors and access to a large sunny backyard, hardwood floors throughout the units, 4 of the 6 units have updated/new kitchens and 5 of the 6 units have updated/new bathrooms. 1 unit has not been renovated but is in very good condition. Parking for 2 cars (end/end) for each unit. Check the document section for list of updates and renovations. This building is a buy and hold. A long term building that requires nothing. If you're looking at a solid investment that will bring you years of long term worry free ownership this building should be on your list.
Armdale round-a-bout to St Margarets Bay Road, on the left just past Cresent Avenue
Listing Sub-Area:
8-Armdale/Purcell's Cove/Herring
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
28x57
Outside Dimenions:
28x57
Lot Size:
12,615 sq. ft.1,172 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
6
Age:
72
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
New Constr.:
Yes
Construction Status:
Complete
Basement:
Full, Fully Developed, Walkout, Other
Floor Finish:
Ceramic, Hardwood, Vinyl Plank
Roof:
Rolled
Heating:
Baseboard, Furnace, Hot Water, Radiator
Fuel:
Oil
Parking:
Yes
Parking Description:
Parking lot completely repaved 2020 Parking for 2 cars (end/end) for each unit.
Driveway:
Paved, Other
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
6
Num 1 Bed Units:
2
Num 2 Bed Units:
4
# Of Dishwashers:
1
# Of Dryers:
5
# Of Fridges:
6
# Of Microwaves:
3
# Of Stoves:
6
# Of Washers:
5
Rental Income:
Yes, Actual 103,997
Laundry Income:
none
Other Income:
none
Approx. Net Income:
Actual 80,452.81
Approx. Total Expense:
Actual 23,524.19
Approx. Total Income:
Actual 103,997
Apt Conforming, Balcony, Cable, Laundry
6 Fridges,6 Stoves 5 Washers 5 Dryers 1 Dishwasher, 3 Microwaves, Window coverings that do not belong to the tenants.
None
Deck
No
Assessment:
795500.0
Assessment Year:
2024
Zoning:
R1
Possession Info:
As per Tenancy, 4 fixed term leases, 2 periodic leases