3752 Highway 3 (MLS® 202122657)

Barrington, NS, B0W 2E0

Summary

MLS ®:
 202122657
Price:
 $4,250,000
Status:
 Active
District:
 DISHE
Zoning:
 Comm/Res
Property Type:
 Over 12 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 348,066
Approx. Net Income:
 272,451
Laundry Income:
 8160
Other Income:
 1400
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 76,615
Management Expense:
 13,923
Insurance Expense:
 5000
Tax Costs:
 23,455
Other Costs:
 33,338
Expense Details:
Call 902-499-7886

Property Overview

3752 Highway 3, Barrington (MLS® 202122657): Excellent investment opportunity. This building has 34 residential units and four commercial tenants. All are fully rented with a two-year waiting list. Great income , well-maintained building, and the rents are due for increase in Feb 2022. The property is based on a solid existing structure and has been renovated utilizing good quality building materials and building practices. Recent conversion of commercial space created four brand new apartment units. The interior and exterior condition is very good. It competes well with good quality residential and commercial premises in the surrounding area and region.

Listing Courtesy of: Royal LePage Atlantic

Building Specs.

Building Age:
45
Foundation Type:
Concrete
Roof Material:
Tar/Gravel
Flooring Type:
Concrete, Tile, Vinyl
Heating & Cooling:
Baseboard
Water:
Drilled Well
Sewage:
Municipal
Lot Size:
2.0 Acres
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Paved
Driveway/Parking:
Paved

Features

Laundry

Community Features

Golf Course, Park, Playground, Recreation Center, School Bus Service, Shopping, Place of Worship, Beach

Rental Equipment

None

Map

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