Nova Scotia Income Property

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  • Cohen MacInnis, REALTOR®
  • Royal LePage Atlantic
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24 & 26 Park Street in Tatamagouche: 103-Malagash, Wentworth Multi-Family for sale (Northern Region) : MLS®# 202200334

24 & 26 Park Street Tatamagouche B0K 1V0 : 103-Malagash, Wentworth

Main Photo: 24 & 26 Park Street in Tatamagouche: 103-Malagash, Wentworth Multi-Family for sale (Northern Region)  : MLS®# 202200334
$1,125,000
Prop. Type:
Multi-Family
MLS® Num:
202200334
Status:
Active
Year Built:
1996
Investment opportunity! These 3 buildings consisting of a total of nine units are centrally located in the growing town of Tatamagouche. The units are broken up as such: 1 Duplex (side by side), 1 Triplex (slab), 1 Fourplex (2 units up, 2 units down). All units have heat pumps (as well as electric heat and slab has in-floor). With features such as updated 2 steel roofs, 1 ashphalt (all done within the last 1-5 years), one level living in three units, all have access to laundry, some have balconies and ability to walk to the grocery store, these units are never vacant!
Listing Sub-Area:
103-Malagash, Wentworth
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Prop Size:
0.5 to 0.99 Acres
# of Rental Units / Occupied:
9
Year built:
1996 (Age: 26)
Age:
26
Foundation:
Concrete, Slab
Basement:
Walkout, None
Floor Finish:
Ceramic, Laminate
Roof:
Asphalt Shingle, Steel
Heating:
Baseboard, Heat Pump -Ductless, In Floor
Fuel:
Electric
Parking:
Yes
Parking Description:
Multiple driveways & parking spaces
Driveway:
Multiple Driveways, Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
3835.68
Sewer:
Municipal
Num Units:
9
Num 1 Bed Units:
2
Num 2 Bed Units:
7
# Of Dishwashers:
3
# Of Dryers:
6
# Of Fridges:
9
# Of Stoves:
9
# Of Washers:
6
Rental Income:
Yes, 86760
Approx. Net Income:
54408.77
Insurance Expense:
3500
Taxes Costs:
10890.16
Maintenace:
900.0
Management expense:
675
Heating Bill:
see electricity
Electricity Bill:
11916.05
Approx. Total Expense:
32351.23
Approx. Total Income:
86760
Air Conditioning, Balcony, Laundry
9 Stoves, 9 Fridges, 3 Dishwashers, 6 Washers, 6 Dryers
Golf Course, Park, Shopping, Place of Worship, Beach
Stove, Dishwasher, Dryer, Washer, Refrigerator
None
No
Zoning:
Commercial
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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