22A Lynnett Road (MLS® 201725724)

Halifax, NS, B3R 1H5

Quick Summary

MLS ®:
 201725724
Price:
 $369,900
Status:
 Active
District:
 7
Sub-District:
 7-C
Zoning:
 R4
Property Type:
 5-8 Units
Title To Land:
 Freehold
Waterfront:
 N
Apx. Total Expenses:
 17,932
Possession:
 As Desired

Income

Rent:
 50,820
Laundry:
 1359
Apx. Total Income:
 52,179
Apx. Net Income:
 34,247
Income Details:
Call 902-499-7886

Expenses

Insurance:
 1850.00
Management:
 1200.00
Maintenance:
 2257.00
Snow & Garbage:
 800.00
Taxes:
 2950.00
Electric Bill:
 554+510
Heating Bill:
 4981.00
Other:
 VR 4A% (2032)
Approx. Total Expense:
 17,932
Expense Details:
Call 902-499-7886

Legal Description

6 Units Investment Property

Property Overview

22A Lynnett Road, Halifax (MLS® 201725724): Great turn key 6 units investment property selling separately or together with our sister building at 22 Lynnett Rd. (with a solid management in place). Check the Income Statement with a great cash flow and decent cap rate. Rents were increased in average of $75 to $100 per units over the last 4 years at this property. Upgraded electrical in 2013. New roof slightly pitch in 2014 over $22,000. Windows and siding are about 10 years old and some of the renovations done are including and not limited to: newer kitchen, laminate and/or engineer flooring 12mm +, painting inside the units and with hallways freshly painted this year and more. New playground for families build in 2017 by HRM. Come observe why one of our tenant is happily living there for more then 10 years and another one for more then 9 years. Owners are proud of their tenants and the work has been done to maintain a family friendly building where everyone is respectful and thankful. Ownership involvement could be minimal with next door living manager.

Listing Courtesy of Century 21 Trident Realty Ltd.

Building Specs.

Building Dimensions:
45x35
Lot Size:
6780 sf
Property Size:
Under 0.5 Acres
Title:
Freehold
Approx. Year Buit:
1979
Building Age:
40
Foundation:
Concrete
Foundation:
Asphalt Shingle
Foundation:
Aluminium Siding, Brick
Foundation:
Laminate, Linoleum, Vinyl
Water:
Municipal
Sewage:
Municipal
Heating & Cooling:
Furnace, Hot Water

Garage & Parking

Garage:
N
Garage Details:
N/A
Parking:
Y
Parking Details:
5/6 Parkings up front
Driveway/Parking:
Multi, Paved

Features

Laundry

Community Features

Park, Playground, public Transit, Recreation Center, School Bus Service, Shopping

Schools

Elem. School: ROCKINGSTO
High School: JLILSLEY

Inclusions

6 Fridges and 6 stoves, 1 coin operated fully owned washer and 1 fully owned dryer

Exclusions

Tenants Belongings

Rental Equipment

None

Map

Contact Agent


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