218 Main Street (MLS® 202324767)

Yarmouth, NS, B5A 1C8

Summary

MLS ®:
 202324767
Price:
 $439,000
Status:
 Pending
District:
 YM3
Zoning:
 Commercial
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 $5,882/month = $70,584 annual
Approx. Net Income:
 $46,723.14/year
Laundry Income:
 $150/month
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $23,860.86/year
Maintenance Expense:
 $3,529/year approx. 2022
Snow & Garbage Expense:
 $2,400/year dumpster fee
Water & Sewage Expense:
 $1,756/year 2022
Insurance Expense:
 $3,500/year
Tax Costs:
 $2,727.66/ year 2023
Electricity Bill:
 $8,364/year 2022
Heating Bill:
 See elec bill
Other Costs:
 Propane(hot water) $1,584/year
Expense Details:
Call 902-499-7886

Property Overview

218 Main Street, Yarmouth (MLS® 202324767): Prime investment opportunity, downtown Yarmouth with harbour views! 8 unit apartment building with 4 one bedroom units facing Main Street. At the rear (facing Water Street) are 3 one bedroom units, one bachelor apartment and a utility room with coin laundry. All units are occupied! Features of the building include vinyl windows, vinyl siding, propane water heater, roof ~4 years old and a new main sewer line, water line and floor drain in utility room. This commercial lot is 11,764 sqft with a 12+ car paved parking lot and ~95 ft of road frontage on Main Street. All within 5 minute walking distance from a grocery store and all of the amenities that Yarmouth downtown has to offer!

Listing Courtesy of: Modern Realty

Directions

South Main Street, Yarmouth

Building Specs.

Building Dimensions:
22 x 98
Foundation Type:
Block, Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Steel
Flooring Type:
Carpet, Laminate
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Paved lot with 12 parking spots for units.
Driveway/Parking:
Parking Spaces(s), Paved

Features

Cable, Laundry, Telephone

Community Features

Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship, Beach

Schools

Elem. School: Yarmouth Elementary School
Mid. School: Maple Grove Education Centre
High School: Yarmouth Consolidated Memorial High School

Inclusions

8 stoves, 8 fridges, 1 coin washer and 1 coin dryer.

Rental Equipment

None

Map

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