2857 Highway 308 (MLS® 202317271)

Amiraults Hill, NS, B0W 3M0

Summary

MLS ®:
 202317271
Price:
 $269,900
Status:
 Pending
District:
 YM11
Zoning:
 Commercial
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Net Income:
 $38,826
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $26,388
Insurance Expense:
 $3,600/year
Tax Costs:
 Approx $4,500/year
Electricity Bill:
 $18,288/year
Expense Details:
Call 902-499-7886

Property Overview

2857 Highway 308, Amiraults Hill (MLS® 202317271): Attention Investors!! This is your chance to own what was at one time "Amirault's Hill Elementary School" and has since become the investment opportunity you have been waiting for! Currently there are 6 fully rented apartments ((5) 2 bedrooms + (1) 1 bedroom) generating an immediate positive cash flow with LOTS of room for expansion here. The property has a drilled well (with a newly installed pressure tank) in addition to a secondary dug well. The septic system has a 10,000 gallon tank (field bed located under ball field.) A large section of the roof was recently re-shingled as well. Price adjustment has been made to reflect the extensive electrical upgrade to the property. Upgrade includes new 400amp single phase electrical service as well as 7 new 100amp power meters; one for each unit and one for the remainder of the building.

Listing Courtesy of: Modern Realty

Directions

From Yarmouth take highway #103 through to the Tusket Exit. Right onto highway #308. Following through Amirault’s Hill. Property on the right.

Building Specs.

Building Dimensions:
Irregular
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Shingles
Flooring Type:
Laminate, Porcelain, Softwood
Heating & Cooling:
Baseboard, Heat Pump -Ductless
Water:
Drilled Well
Sewage:
Septic
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Parking lot
Driveway/Parking:
Parking Spaces(s), Paved

Features

Multi-Use Rooms

Community Features

School Bus Service, Place of Worship

Rental Equipment

None

Map

Contact Agent