14525 Highway 1 (MLS® 202617013)
Summary
- MLS ®:
- 202617013
- Price:
- $395,000
- Status:
- Active
- District:
- DIANN
- Zoning:
- C-2
- Property Type:
- Fourplex
- Title To Land:
- Freehold
Income
- Approx. Total Income:
- 45,600.00
- Approx. Net Income:
- 29,332.00
- Income Details:
- Call 902-499-7886
Expenses
- Approx. Total Expenses:
- 16,268.00
- Snow & Garbage Expense:
- 400.00
- Insurance Expense:
- 1542.00
- Tax Costs:
- 2325.46
- Electricity Bill:
- 12,000.00
- Heating Bill:
- See electric
- Expense Details:
- Call 902-499-7886
Property Overview
14525 Highway 1, Wilmot (MLS® 202617013): Triplex + detached commercial space (currently a music store) and a small garage, all on an oversize lot, close to the amenities of Middleton & Kingston in the fast-growing central Annapolis Valley. Summary of units: One 1-BR (front, lower level, $1000/m), One 2-BR (upper floor, $1000/m), One 3-BR (rear, lower level, $1800/m). Seller currently operates a music store from the detached commercial space - so there is further potential upside to rental income. Several music rehearsal rooms in basement + detached music store could both possibly be converted into additional residential unit(s). If you're interested in acquiring the music store inventory and business/good-will it can be further discussed/negotiated with the owner (not included in the asking price). Septic system is over-engineered (able to potentially accommodate additional units) and recent (~2011). New heat pump in front residential unit and music store. New metal roof on music store. Property will need some TLC here and there; reflected in asking price.
Listing Courtesy of: RE/MAX Banner Real Estate(Annapolis Royal) Highway 1 between Middleton & Kingston, near Dodge Road Appliances Guitar shop inventory None Directions
Building Specs.
Garage & Parking
Inclusions
Exclusions
Rental Equipment
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