Attention Investors! This is an incredible opportunity to own a 6-year-old LOFT-style FOURPLEX in downtown Halifax! Exemption from foreign buyer ban! The building offers four 2-level one bedroom,1.5 bath units, in which two of them feature balconies. All four units have their own kitchen and laundry. Boasting aluminum siding and a metal roof, the property requires zero maintenance. With fixed-term leases in place and tenants base consisting of young professionals, this property generates substantial income for the current owner while presents significant potential for increased revenue. Owners can choose to rent out all four units or occupy one while renting out the remaining three. With this prime location, it's also a perfect location to do short-term rentals, i.e. Airbnb. It's truly a rare investment opportunity .Call today to book your showing!
Listing Sub-Area:
1-Halifax Central
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
28.1 x 24.7
Lot Size:
1,250.172 sq. ft.116.145 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
4
Year built:
2018
(Age: 6)
Age:
6
Exterior Finish:
Aluminium Siding, Stone, Vinyl
Foundation:
Concrete
Basement:
Full, Fully Developed
Floor Finish:
Laminate, Porcelain
Roof:
Metal
Heating:
Baseboard
Fuel:
Electric
Driveway:
None
Water Supply:
Municipal
Water And Sewage:
1200
Sewer:
Municipal
Num Units:
4
Num 1 Bed Units:
4
# Of Dishwashers:
4
# Of Dryers:
4
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
4
Rental Income:
Yes, 71400
Approx. Net Income:
60000
Insurance Expense:
1200
Taxes Costs:
9000
Approx. Total Income:
71400
Tenants Belongings
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping
Data was last updated May 19, 2024 at 07:20 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$894,500
Min list price:
$649,900
Max list price:
$5,699,000
Avg days on market:
43
Min days on market:
10
Max days on market:
90
These statistics are generated based on the current listing's property type
and located in
1-Halifax Central. Average values are
derived using median calculations.