34 Oxford Avenue (MLS® 202517467)

Sydney Mines, NS, B1V 2J2

Summary

MLS ®:
 202517467
Price:
 $380,000
Status:
 Active
District:
 205
Zoning:
 UR2
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Net Income:
 32856
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 4140
Water & Sewage Expense:
 1800
Insurance Expense:
 2604
Tax Costs:
 4140
Expense Details:
Call 902-499-7886

Property Overview

34 Oxford Avenue, Sydney Mines (MLS® 202517467): 34 Oxford Avenue, Sydney Mines Excellent Investment Opportunity – 5 Unit Income Property This well-maintained 5-unit building is a smart addition to any investment portfolio. Featuring all-electric units where tenants cover their own electrical costs, it provides a low-maintenance ownership experience. Recent upgrades include newer windows, flooring, paint and ample parking, contributing to the property's long-term value. Conveniently located within walking distance to schools, shops, grocery stores, gas stations, and food services, this property is attractive to a wide range of tenants. Currently, four units are occupied by working professionals, generating a gross annual income of $52,200. Once fully rented, the projected yearly income increases to $60,600, bringing it to a 12% cap rate, a rare find and a strong cash flow potential. Additional highlights include: A well-manicured yard, offering tenants outdoor space for relaxation A rear garage, ideal for owner use such as lawn, garden, or tool storage Don’t miss this turn-key opportunity to own a solid multi-unit property in a desirable area.

Listing Courtesy of: VALMAC REALTY LTD. - 16139

Directions

Main St to Beech to Oxford

Building Specs.

Building Age:
113
Building Dimensions:
40x24 9+19x20+ jogs
Foundation Type:
Block, Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Shingles, Vinyl
Flooring Type:
Laminate, Vinyl
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
Yes
Garage Details:
16 x 30
Parking:
Multiple
Driveway/Parking:
Gravel

Community Features

Beach, Place of Worship, Playground, Public Transit, Recreation Center, School Bus Service, Shopping

Inclusions

5 fridges 5 stoves 1 washer 1 dryer

Rental Equipment

None

Map

Contact Agent


Similar Properties