Nova Scotia Income Property

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  • Cohen MacInnis, REALTOR®
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86 & 88 Main Street in Tatamagouche: 103-Malagash, Wentworth Multi-Family for sale (Northern Region) : MLS®# 202128035

86 & 88 Main Street Tatamagouche B0K 1V0 : 103-Malagash, Wentworth

Main Photo: 86 & 88 Main Street in Tatamagouche: 103-Malagash, Wentworth Multi-Family for sale (Northern Region)  : MLS®# 202128035
$1,417,500
Prop. Type:
Multi-Family
MLS® Num:
202128035
Status:
Active
Year Built:
11
Investors!! This is the property for you! In the growing town of Tatamagouche, only 9 years young, these well maintained 3 buildings consisting of 3 one level living units come complete with full occupancy, 5 appliances (including laundry), heat pumps (minus 3 units that do not have them) and an ICF building! These 3 buildings are spread out over 3 PID's being sold all together. Much thought and care has gone into the construction of these units. Frost wall with ICF construction. In floor heating with heat pumps for heat (minus 3 units). Each unit has 2 bedrooms with a front patio and back deck, eat in kitchen area, living room, laundry closet and full bathroom! Lots of paved parking provided and only minutes from the Grocery store and all other amenities.
Listing Sub-Area:
103-Malagash, Wentworth
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Lot Details:
13989 & 18419 & 14629 sqft
Prop Size:
1 to 2.99 Acres
# of Rental Units / Occupied:
9
Year built:
11 (Age: 2,011)
Age:
2010
Exterior Finish:
Vinyl
Foundation:
Perimeter Wall
Basement:
None
Floor Finish:
Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Heat Pump -Ductless, In Floor
Fuel:
Electric, Solar
Parking:
Yes
Parking Description:
Spaces
Driveway:
Multiple Driveways, Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
$5,093/yr
Sewer:
Municipal
Num Units:
9
Num 2 Bed Units:
9
# Of Dishwashers:
9
# Of Dryers:
9
# Of Fridges:
9
# Of Stoves:
9
# Of Washers:
9
Rental Income:
Yes, $105,120/yr
Approx. Net Income:
$60,773/yr
Insurance Expense:
$4,920/yr
Taxes Costs:
$17,480/yr
Snow / Garbage Collection:
$950/yr
Electricity Bill:
$14,419/yr
Approx. Total Expense:
$44,347/yr
Approx. Total Income:
$105,120/yr
Air Conditioning, Cable, Heat/Air Exchange, Laundry, Power, Telephone
Golf Course, Park, School Bus Service, Shopping, Ski Hill, Marina, Place of Worship, Beach
Stove, Dishwasher, Dryer, Washer, Refrigerator
None
Patio, Shed
No
Zoning:
VR-1
Possession Info:
Negotiable
Listed by ViewPoint Realty
Data was last updated July 5, 2022 at 11:20 AM (UTC)
GAIL NAUGLER
COHEN MACINNIS

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Office Location:

7071 Bayers Road, Suite 102 Halifax NS B3K 2S2 CA

Nova Scotia Income Property | Nova Scotia Multi-Unit Apartment Buildings For Sale

Cohen has been involved with many aspects of the real estate industry since 2006. This includes residential and commercial renovations, property management and investing in multi-family income properties after purchasing first apartment building at age of 19, He built Highland Place Group Inc. to over 50 rental units at its peak.


A passion for real estate has made Cohen a top performer – winning an International Sterling Society Award placing him in the top 12% of agents worldwide with Coldwell Banker and more recently the RE/MAX Executive Club Award in both 2013, 2014 and RE/MAX 100% Club in 2015 and 2016 placing him among top agents under 30 - A young leader in the Halifax marketplace.

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