1524/1526 Chestnut Street (MLS® 202200036)

Halifax, NS, B3H 3T1

Summary

MLS ®:
 202200036
Price:
 $1,799,000
Status:
 Pending
District:
 2
Zoning:
 R-2
Property Type:
 Triplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 166,140.00
Approx. Net Income:
 123,970.18
Other Income:
 5,040.00
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 42,169.82
Maintenance Expense:
 1750.00
Management Expense:
 N/A
Snow & Garbage Expense:
 2400.00
Water & Sewage Expense:
 2987.00
Insurance Expense:
 7440.00
Tax Costs:
 14,873.21
Electricity Bill:
 4117.13
Heating Bill:
 4282.48
Other Costs:
 Internet 4320.00
Expense Details:
Call 902-499-7886

Property Overview

1524/1526 Chestnut Street, Halifax (MLS® 202200036): Centrally located Triplex with legal occupancy for 19 tenants. Situated next to Dalhousie the apartments have gone years without a vacancy. The units have been well-cared for undergoing many upgrades in recent years. Each apartment is spacious, consisting of open concept kitchen dining and living rooms with large well-designed bedrooms. The main unit is a two-story, eight-bedroom 2 & 1/2 bath currently renting for $6375 per month. The down-stairs unit consists of 5-bedroom with 2 full baths the kitchen and bath have been updated and is currently renting for $3170 per month. The upstairs third unit is a six-bedroom 2 full bath currently renting for $3880 per month. For this unit the tenants pay 2/3 of the heat and electricity. All three self-contained units have their own laundry. Internet and living room furniture are included with rent. Additional potential income includes a heated shed which can be rented as a storage area. If you are looking for a well taken care of investment property with strong revenues and upside this is a must view.

Listing Courtesy of: Domus Realty Limited

Building Specs.

Building Age:
100
Building Dimensions:
32.3 X 51.5
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Shingles
Flooring Type:
Carpet, Ceramic, Hardwood, Laminate, Tile, Vinyl
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Parking for 5 vehicles
Driveway/Parking:
Concrete

Features

Apt Conforming, Balcony, Cable, Ensuite Bath, Exercise Room, Heat/Air Exchange, Laundry, Locker, See Remarks

Community Features

Park, Public Transit

Schools

Elem. School: Lemarchant - St Thomas Elementary School
Mid. School: Halifax Central Junior High School
High School: Citadel High School

Inclusions

7 x Fridges, 2 x Dishwashers, 3 x Washer, 3 x Dryer, 3 x TV, 2 x Stoves, Stove Top, Oven, 3 x Couches

Exclusions

Tenant belongings

Rental Equipment

None

Map

Contact Agent


Similar Properties