37 Gaston Road (MLS® 202505983)
Summary
- MLS ®:
- 202505983
- Price:
- $1,115,000
- Status:
- Pending
- District:
- 12
- Zoning:
- R-2
- Property Type:
- 5-8 Units
- Title To Land:
- Freehold
Income
- Approx. Total Income:
- 67,980
- Approx. Net Income:
- 34,851.71
- Laundry Income:
- 900
- Income Details:
- Call 902-499-7886
Expenses
- Approx. Total Expenses:
- 33,128.29
- Management Expense:
- 11,112.00
- Water & Sewage Expense:
- 3,687.84
- Insurance Expense:
- 3,990.00
- Tax Costs:
- 6,967.42
- Electricity Bill:
- 1,550.88
- Heating Bill:
- 5,820.15
- Expense Details:
- Call 902-499-7886
Property Overview
37 Gaston Road, Dartmouth (MLS® 202505983): Welcome to 37 Gaston Road! This fantastic 6-unit building (featuring five 2-bedroom units and one 1-bedroom unit) presents an incredible investment opportunity. Thoughtfully updated over the last four years, the property boasts modern improvements that ensure both integrity and efficiency. From brand-new windows, a recently replaced roof, to a top-of-the-line propane heating system, bathtubs, paint, brick repointing, secure front door with an intercom system, and so much more -every major detail has been taken care of. With rents currently well below market value, this property offers tremendous upside potential (3 long term tenants likely leaving soon due to health reasons). Investors have the added opportunity to enhance the value even further with cosmetic upgrades. Additionally, the 1-bedroom unit has the potential to be converted into a 2-bedroom, increasing the total number of bedrooms while further maximizing rental income. Installing in-unit laundry could further boost returns, though tenants already enjoy the convenience of on-site coin-operated laundry. Located on major transit routes, 37 Gaston Road is just minutes from key amenities. Downtown Dartmouth, hospitals, grocery stores, pharmacies, and NSCC College are all within easy reach, making it a highly desirable location for tenants. Don't miss out on this fantastic opportunity to secure a solid investment with endless potential.
Listing Courtesy of: Coldwell Banker Maritime Realty From Portland St to Gaston Rd. Laundry Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping Propane Tank Directions
Building Specs.
Garage & Parking
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