234 Water Street (MLS® 202412159)
Summary
- MLS ®:
- 202412159
- Price:
- $849,900
- Status:
- Pending
- District:
- DISHE
- Zoning:
- Res/ Gen Comm
- Property Type:
- Over 12 Units
- Title To Land:
- Freehold
Income
- Approx. Total Income:
- 108960
- Approx. Net Income:
- 74664
- Laundry Income:
- 2160
- Income Details:
- Call 902-499-7886
Expenses
- Approx. Total Expenses:
- 34296
- Maintenance Expense:
- 11475
- Insurance Expense:
- 2681
- Tax Costs:
- 13340
- Electricity Bill:
- 6800
- Expense Details:
- Call 902-499-7886
Property Overview
234 Water Street, Shelburne (MLS® 202412159): This former motel has been converted between 2014 and 2017 into 11 one bedroom and one bachelor unit. At that time, electrical and plumbing were updated throughout. It is always full and is low maintenance. It has a paved parking lot and fronts Water Street, one of the main thoroughfares of Shelburne. There is also an additional office space that is currently rented by a hair salon. In the last year, the owner has performed more upgrades to renovate the salon and the tenants have been converted to pay their own utilities except for two units. This has made a significant positive impact to the bottom line
Listing Courtesy of: Royal Lepage Atlantic (Mahone Bay) Turn off Exit 26 from Highway 103 to the left. Left at stop sign and follow Water Street. Laundry School Bus Service, Shopping, Marina None Directions
Building Specs.
Garage & Parking
Features
Community Features
Rental Equipment
Map
