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Nova Scotia Multi-Unit Apartment Buildings For Sale

579 College Road in Bible Hill: 104-Truro/Bible Hill/Brookfield Multi-Family for sale (Northern Region) : MLS®# 202114762

579 College Road Bible Hill B2N 2R1 : 104-Truro/Bible Hill/Brookfield

Main Photo: 579 College Road in Bible Hill: 104-Truro/Bible Hill/Brookfield Multi-Family for sale (Northern Region)  : MLS®# 202114762banner
$1,300,000
Prop. Type:
Multi-Family
MLS® Num:
202114762
Status:
Active
Looking for an investment property? Minutes to Valley and schools while being out of town limits but still only a 10 minute drive or less to town and shopping! This well kept and maintained property consists of two buildings - 579 & 581 College Rd. Each building has four units. There are 2 x 2 bedroom units and 2 x 1 bedroom units per building. Tenants pay heat & lights with the exception of one unit. Situated on a quiet dead end street off of the main road, there is plenty of parking and a pump house shed for property management. So many updates that we can't quite fit them all but here is a quick list of what has been done: plumbing shut off valves/water pump/pressure tank/outside faucets, driveway repairs, window replacements (30% so far), modernized units from 1970's - 2000's era with two units updated to 2020's, yard maintenance and gardening updated, front stairs redone, dehumidifiers in common areas, etc. Contact us for more details!
Listing Sub-Area:
104-Truro/Bible Hill/Brookfield
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Lot Details:
31575 sqft
Prop Size:
0.5 to 0.99 Acres
# of Rental Units / Occupied:
8
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Carpet, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Driveway:
Parking Spaces(s), Paved
Water Supply:
Drilled Well
Sewer:
Municipal
Num Units:
8
Num 1 Bed Units:
4
Num 2 Bed Units:
4
# Of Dishwashers:
8
# Of Fridges:
8
# Of Stoves:
8
# Of Washers:
8
Rental Income:
Yes, 5,385/mth
Approx. Net Income:
50,808/yr
Insurance Expense:
3,991/yr
Taxes Costs:
4,636/yr
Electricity Bill:
5,185/yr
Approx. Total Expense:
13,812/yr
Approx. Total Income:
64,620/yr
Laundry
Golf Course, Park, Playground, School Bus Service, Shopping, Place of Worship
None
Deck, Shed
No
Zoning:
R-4
Possession Info:
Negotiable
Listed by ViewPoint Realty
Data was last updated June 12, 2021 at 11:20 PM (UTC)
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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