Nova Scotia Income Property

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  • Cohen MacInnis, REALTOR®
  • Royal LePage Atlantic
  • 902.880.6018

143 Old Sambro Road in Spryfield: 7-Spryfield Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202209255

143 Old Sambro Road Spryfield B3R 1R4 : 7-Spryfield

Main Photo: 143 Old Sambro Road in Spryfield: 7-Spryfield Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202209255
$1,299,000
Prop. Type:
Multi-Family
MLS® Num:
202209255
Status:
Active
Year Built:
1969
Excellent investment opportunity in the heart of Herring Cove. A fully occupied 9 unit income property that backs onto Long Lake Provincial Park with great accessibility to shopping and bus route. This 8 x 1 Bedroom unit and 1 Bachelor unit building had all the exterior work done 6 years ago; roof, natural gas heating system, windows, exterior doors, siding, concrete walkway and newly stained stairs. Two interior units have recently been beautifully renovated and the other 7 units remain unrenovated and in need of updating. A shared coin-op laundry room for tenants use and plenty of outdoor parking. Please note interior photos are for the renovated unit number 4.
Listing Sub-Area:
7-Spryfield
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Building Dimenions:
60.4 x 24.2
Lot Size:
Switch units of measure7,840.8 sq. ft.
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
9
Year built:
1969 (Age: 53)
Age:
53
# Floors:
3
Exterior Finish:
Brick, Vinyl
Foundation:
Concrete
New Constr.:
No
Basement:
Fully Developed, Walkout
Floor Finish:
Ceramic, Laminate
Roof:
Asphalt Shingle
Heating:
Baseboard, Furnace
Fuel:
Natural Gas
Parking:
Yes
Parking Description:
Large parking lot 6-9 cars
Driveway:
Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
$2340.00
Sewer:
Municipal
Num Units:
9
Num Bachelor Units:
1
Num 1 Bed Units:
8
# Of Dryers:
1
# Of Fridges:
9
# Of Stoves:
9
# Of Washers:
1
Rental Income:
Yes, $74,598.50
Laundry Income:
$900.00
Approx. Net Income:
$51,598.50
Insurance Expense:
$4800.00
Taxes Costs:
$5570.00
Management expense:
$2000.00
Snow / Garbage Collection:
$1680.00
Heating Bill:
$4720.00
Electricity Bill:
$2790.00
Approx. Total Expense:
$23,900.00
Approx. Total Income:
$75,498.50
Cable, Laundry, Telephone
9 Fridges. 9 stoves. 1 coin operated washer and dryer.
Park, Public Transit, School Bus Service, Shopping
Stove, Dryer, Washer, Refrigerator
None
None
No
Assessment:
566900.0
Assessment Year:
2022
Zoning:
R2
Elementary School:
Central Spryfield Elementary Sch
Middle School:
Rockingstone Heights School
High School:
JL Ilsley High School
Possession Info:
Negotiable
Listed by Pied A Terre Realty Inc.
Data was last updated July 5, 2022 at 06:30 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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