148 Melrose Avenue (MLS® 202411908)

Halifax, NS, B3N 2E7

Summary

MLS ®:
 202411908
Price:
 $1,150,000
Status:
 Active
District:
 6
Zoning:
 R-1
Property Type:
 Triplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 $77,280
Approx. Net Income:
 $59,846
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $17,434
Maintenance Expense:
 $500
Water & Sewage Expense:
 $1,477
Insurance Expense:
 $2,500
Tax Costs:
 $5,812
Electricity Bill:
 $480
Heating Bill:
 $6,665
Expense Details:
Call 902-499-7886

Property Overview

148 Melrose Avenue, Halifax (MLS® 202411908): If you're looking for a well-maintained investment property that offers a stress-free experience and strong cash flow, this triplex would be an excellent addition to your portfolio. The current condition is already superb, but features like four power meters, three water tanks, in-unit laundry for each unit, a spacious and flat backyard, designated parking spaces for all units, and a detached double garage with workshop for the owner's tools, make this property even more appealing. Additionally, if you want to increase your returns and property value, this triplex provides the perfect canvas for the new owner's dreams, offering opportunities for upgrades such as replacing the heating system and making cosmetic improvements to each unit. Don't miss this rare opportunity.

Listing Courtesy of: RE/MAX Nova (Halifax)

Directions

Main to Willet to Melrose

Building Specs.

Building Age:
72
Building Dimensions:
40x28
Foundation Type:
Concrete
Roof Material:
Tar/Gravel
Exterior Finish:
Vinyl
Flooring Type:
Ceramic, Hardwood, Linoleum
Heating & Cooling:
Baseboard, Furnace, Hot Water, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
Yes
Garage Details:
Detached double garage.
Parking:
Paved.
Driveway/Parking:
Paved

Features

Cable, Heat/Air Exchange, Power, Telephone

Community Features

Golf Course, Park, Place of Worship, Playground, Public Transit, School Bus Service, Shopping

Schools

Elem. School: Fairview Heights Elementary School
Elem. School (French Imm.): Burton Ettinger Elementary School
Mid. School: Fairview Junior High School
Mid. School (French Imm.): Fairview Junior High School
High School: Halifax West High School
High School (French Imm.): Halifax West High School

Rental Equipment

None

Map

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