Details

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Description

***Posting on behalf of owners*** 4 unit Building on crown drive, Halifax. The building has 4 fully rented units + an attached and detached that are both also rented. The owners have put $70,000 into renovations between December 2020 - February 2021 (Statements available) Unit 1- 3 bedroom currently rented for $2200/Month utilities included. Heat water and power(up to $100 every power bill) Was renovated new in December 2020 Unit 2- 3 bedroom currently rented at 1400/Month Heat and water included. (Owner may renovate into 4 bedroom. Projected rent : $2500-$2800/Month) Unit 3- 2 bedroom currently rented for $1600/month utilities included. Heat water and power(up to $100 every power bill) Was renovated new in February 2021 Unit 4- 2 bedroom currently rented for $950/Month heat and water included. Owner may renovate. Projected rent $1600/month Attached garage rents for $160/month (room for increase) Detached garage rents for $400/month Total yearly income: $80,500 Yearly expenses : $26,000 If the owners renovate the remaining 2 units, the yearly income would be $105,000 Front of the building parks 8-10 cars. The property sits on 16,000sqft and allows for more garages to be built on the back of the property. The property has 2 separate driveways. Asking Price as is : $1,299,999 The owners are open to renovating the other 2 units as well as the exterior of the building (deck and paint) for an agreed upon price. The tenants in Unit 2 and Unit 4 are willing to move out end of April. They are also open to staying. If interested in viewing, please reply to the ad. Due to covid, we will try to have the all the viewings on the same day. Serious inquires only please. You may be asked to provide a letter from the bank for pre-approval.