Salehian.com 647-325-5000

37 Martin Lake Drive

Lake Echo, Lake Echo, NS, B3E1B3

Listed by RE/MAX Nova (Halifax)

$969,000

Photo 1 of 36Photo 2 of 36Photo 3 of 36Photo 4 of 36Photo 5 of 36Photo 6 of 36Photo 7 of 36Photo 8 of 36Photo 9 of 36Photo 10 of 36Photo 11 of 36Photo 12 of 36Photo 13 of 36Photo 14 of 36Photo 15 of 36Photo 16 of 36Photo 17 of 36Photo 18 of 36Photo 19 of 36Photo 20 of 36Photo 21 of 36Photo 22 of 36Photo 23 of 36Photo 24 of 36Photo 25 of 36Photo 26 of 36Photo 27 of 36Photo 28 of 36Photo 29 of 36Photo 30 of 36Photo 31 of 36Photo 32 of 36Photo 33 of 36Photo 34 of 36Photo 35 of 36Photo 36 of 36

Listed 111 days ago · MLS® 202616349

About this home

RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.0% going-in capitalization rate at the asking price. The property includes four 2-bedroom apartments, established tenants, commercial-grade laundry and a newly constructed four-unit storage building. More than $212,000 has been invested in capital improvements and major building upgrades since 2022, including a new Ecoflo septic system, drainage management system, well equipment, bathroom renovations, commercial laundry equipment, insulation, exterior doors and other significant improvements. The result is an income-producing multifamily property with substantial infrastructure work already completed and approximately $58,149 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available. (id:66966)

Details

Type
Multiplex
Basement
None
Neighbourhood
Lake Echo
Municipality
Lake Echo

Interior

Fireplace
No
Appliances
Washer, Refrigerator, Stove, Dryer
Flooring
Laminate

Heating, cooling and services

Heating
Baseboard heaters, Oil
Water and sewer
Septic System

Building and exterior

Year built
1972
Foundation
Concrete Slab
Outdoor
Stucco, Vinyl

Parking

Driveway and parking
Parking Space(s), Gravel

Location

Location is approximate. See nearby homes on the map

Listed by RE/MAX Nova (Halifax).

Powered by: REALTOR.ca

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.