266 Gerrish Street (MLS® 202400150)

Windsor, NS, B0N 2T0

Summary

MLS ®:
 202400150
Price:
 $925,000
Status:
 Active
District:
 DIHAN
Zoning:
 R2
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 $103,659.60
Approx. Net Income:
 $68,310
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $31,718
Maintenance Expense:
 $3734
Management Expense:
 $5182
Snow & Garbage Expense:
 $2400
Water & Sewage Expense:
 $3987
Insurance Expense:
 $4101
Tax Costs:
 $7680
Heating Bill:
 $4634
Expense Details:
Call 902-499-7886

Property Overview

266 Gerrish Street, Windsor (MLS® 202400150): Incredible investment opportunity in Windsor with opportunity to increase value with cosmetic renovations and income lift! This package deal includes; 3 Duplexes and a 3 bedroom house (266 Gerrish, 260/262 Gerrish, 223/225 Gerrish and 30 Victoria Street)! All units are well kept with lots of new upgrades, freshly painted, and ready to rent! 266 Gerrish has just been redone with over $30k in renovation interior work. Most tenants are on fixed term leases allowing flexibility to make changes. Attractive rent cap at 6.75%. Update: 262 Gerrish bottom unit and 223 Gerrish will be vacant come February, all remaining units except 225 Gerrish are on fixed term leases. Seller is motivated to sell and is also open to share sale as well as having the option of an assumable mortgage.

Listing Courtesy of: RE/MAX Nova (Halifax)

Directions

Slight right from King street to Gerrish

Building Specs.

Building Dimensions:
41.5x19 + 19x26 + 35x20
Foundation Type:
Concrete, Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Brick, Wood Shingles, Vinyl
Flooring Type:
Hardwood, Laminate, Tile, Vinyl
Heating & Cooling:
Baseboard, Heat Pump -Ductless, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Parking is provided for 266 260/262 and 30 Victoria
Driveway/Parking:
Gravel

Features

Air Conditioning

Rental Equipment

None

Map

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