Nova Scotia Income Property

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

75 King Street in Dartmouth: 10-Dartmouth Downtown to Burnsid Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202209835

75 King Street Dartmouth B2Y 2R7 : 10-Dartmouth Downtown to Burnsid

Main Photo: 75 King Street in Dartmouth: 10-Dartmouth Downtown to Burnsid Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202209835
$2,750,000
Prop. Type:
Multi-Family
MLS® Num:
202209835
Status:
Active
Year Built:
2016
The Crown on King Lofts, located at 75 King Street, Dartmouth offers investors a rare opportunity to acquire a newly constructed multi-residential lofts with ground floor commercial in the heart of the revitalized downtown Dartmouth District. The property is situated in an amenity rich location, surrounded by some of the best restaurants, cafes and shops and within walking distance to banks, pharmacy and other service amenities. The Crown of King Lofts is a newly constructed, 3 storey multi-residential building consisting 8 residential suites and 1 commercial unit. The building features expansive views of the Halifax skyline and harbour, tenant balconies, onsite storage, bike storage, and 4 covered parking spaces. The building was constructed in 2016 and has been constantly maintained and requires no immediate capital. The building is 100% occupied, with a Net Operating Income of $114,908 per year and there is upside potential on the rental rates. ** For MORE INFORMATION go to the REALTOR's website **
Listing Sub-Area:
10-Dartmouth Downtown to Burnsid
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
9
Year built:
2016 (Age: 6)
Age:
6
Exterior Finish:
Vinyl, Wood Siding
Foundation:
Concrete
Basement:
Fully Developed, Walkout
Floor Finish:
Carpet, Concrete, Laminate
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Parking:
Yes
Parking Description:
4 On-site spaces (covered)
Driveway:
Concrete, Parking Spaces(s)
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
9
Num 1 Bed Units:
6
Num 2 Bed Units:
2
# Of Dishwashers:
8
# Of Dryers:
8
# Of Fridges:
8
# Of Microwaves:
8
# Of Stoves:
8
# Of Washers:
8
Rental Income:
Yes, $172,838
Approx. Net Income:
$114,908
Approx. Total Income:
$172,838
Air Conditioning, Balcony, Fireplace(s), Heat/Air Exchange, Laundry
Park, Public Transit, Shopping
Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator
None
No
Zoning:
DD
Possession Info:
Negotiable
Listed by INNOVATIVE REAL ESTATE LTD - A507
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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