234 Water Street (MLS® 202412159)

Shelburne, NS, B0T 1W0

Summary

MLS ®:
 202412159
Price:
 $849,900
Status:
 Active
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)

Directions

Turn off Exit 26 from Highway 103 to the left. Left at stop sign and follow Water Street.

Building Specs.

Building Dimensions:
IRR
Foundation Type:
Slab
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Laminate, Tile
Heating & Cooling:
Baseboard
Water:
Drilled Well
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Paved
Driveway/Parking:
Paved

Features

Laundry

Community Features

School Bus Service, Shopping, Marina

Rental Equipment

None

Map

Contact Agent


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