280 Townsend Street (MLS® 202204386)

Sydney, NS, B1P 5E9

Summary

MLS ®:
 202204386
Price:
 $1,499,999
Status:
 Pending
District:
 201
Zoning:
 RUC
Property Type:
 Over 12 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 204,180.11
Approx. Net Income:
 121,575
Income Details:
Call 902-499-7886

Expenses

Insurance Expense:
 14,989.00
Tax Costs:
 17,496.00
Electricity Bill:
 23,385
Heating Bill:
 26,735
Expense Details:
Call 902-499-7886

Property Overview

280 Townsend Street, Sydney (MLS® 202204386): Calling all investors!! 22 doors for sale as a package price. These 6 properties are located at 17 Douglas, 279 Townsend, 280 Townsend, 27/29 Kendell, 63 Johnston, and 32 Amelia. There units consist of 21 residential units and 1 commercial tenant. Currently the owner pays all the power, but most units are on separate meters and the ability to pass this cost onto the tenant is possible and would cut expenses by over $23,000 a year. The homes are a mix of oil heat as well as electric baseboard. The gross income is $204,180.11 annually, with $121,575.00 being the net income after expenses. Most of the tenants are long term tenants

Listing Courtesy of: Coldwell Banker Boardwalk Realty

Building Specs.

Foundation Type:
Other
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Hardwood, Laminate, Linoleum
Heating & Cooling:
Baseboard, Furnace, Hot Water, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Paved
Driveway/Parking:
Paved

Rental Equipment

None

Map

Contact Agent