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2027-29 Parker Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth) : MLS®# 201827332

2027-29 Parker Street Halifax B3K 4T6 : 4-Halifax West

Main Photo: 2027-29 Parker Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201827332
$788,000
Prop. Type:
Multi-Family
MLS® Num:
201827332
Status:
Pending
A RARE OPPORTUNITY to acquire this well located, prime 2-unit cash flow positive income property in the Quinpool district of Halifax peninsula. A 6 bedroom main level unit, currently leased until May 2020 at $3750 per month and 4 bedroom upper level unit, currently leased until Sept 2020 at $2400 per month. This property is ideally located for the university student population being walking distance to DAL, SMU, QEII, IWK and all amenities. The investment opportunity offers a 6.79% CAP rate with current income/expenses. This property neighbours the approved Willow Tree Tower project and under the proposed Halifax Centre Plan this property has development potential (buyer to complete due diligence) situated across the street from the Former Saint Pats High School site and walking distance to recently completed projects like The Keep condominiums including ground floor tenants Starbucks and local favorite Morris East. This is your opportunity to contribute to the repositioning of the Qunipool District!
Robie Street to Quinpool Road to Parker to Civic 2027-2029
Listing Sub-Area:
4-Halifax West
Property Type:
Multi-Family
Multi-Family Type:
Duplex
Title To Land:
Freehold
Lot Details:
3600sq(pol)
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
2
Exterior Finish:
Aluminium Siding
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Hardwood, Laminate, Porcelain, Tile
Roof:
Asphalt Shingle
Heating:
Furnace
Fuel:
Propane
Parking:
Yes
Parking Description:
Single Driveway
Driveway:
Paved
Water Supply:
Municipal
Water And Sewage:
$1200
Sewer:
Municipal
Num Units:
2
# Of Dishwashers:
2
# Of Dryers:
2
# Of Fridges:
2
# Of Stoves:
2
# Of Washers:
2
Rental Income:
$72,600
Approx. Net Income:
$58,500
Insurance Expense:
$1320
Taxes Costs:
$4380
Maintenace:
4200.0
Heating Bill:
$3000
Approx. Total Expense:
$14,100
Balcony, Cable, Laundry, Power, See Remarks, Storage, Telephone
2 Fridges, 2 Stoves, 2 Dishwasher
Tenant Belongings
School Bus Service, Park, Public Transit, Playground, Shopping
Stove, Refrigerator
Furnace, Propane Tank
No
2-Unit Income Property in Prime Location
Zoning:
TBD
Elementary School:
Oxford School
High School:
Citadel High School
Possession Info:
As Negotiated
Listed Date:
Nov 19, 2018
Days on Mkt:
65
Listing information last updated on January 11, 2019 at 05:28 PM (UTC)
COHEN MACINNIS
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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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