5106 Highway 7 (MLS® 202402600)

Porters Lake, NS, B3E 1J3

Summary

MLS ®:
 202402600
Price:
 $559,900
Status:
 Pending
District:
 31
Zoning:
 RE
Property Type:
 Duplex
Title To Land:
 Freehold

Income

Income Details:
Call 902-499-7886

Expenses

Expense Details:
Call 902-499-7886

Property Overview

5106 Highway 7, Porters Lake (MLS® 202402600): Welcome to 5106 Highway 7 in Porters Lake — a prime investment opportunity! Finding an income property with positive cash flow in today's market can be challenging, but this property offers a rare chance to generate passive income. Conveniently located just off exit 20, in the heart of Porters Lake's shopping and business district, this property boasts easy access to amenities and schools within walking distance. This property can also be good for first time home buyers looking to secure a property now and move in later in either one of the 2 units with the other one helping paying their mortgage. This property features a well-maintained 2-bedroom unit upstairs and a separate 1-bedroom unit downstairs, each with its own laundry and entrance. Recent renovations/upgrades, including a new roof, new siding, new insulation, heat pump system, new windows all around, brand new apartment downstairs and more since 2022, ensure both comfort and value. The sale of this property is conditional to the seller remaining as a tenant for a minimum of one year after closing on a fixed term lease which would start on closing along with the lower unit's tenants committing to a two-year fixed term lease. The lower unit's rent remains at $1850/month, all-inclusive, while negotiations are open for the upstairs unit, either all-inclusive or priced per month plus utilities.All inclusive rent would be $1950/month. Contact me for more information and book your showings now!!

Listing Courtesy of: Keller Williams Select Realty

Directions

Highway 107 to Exit 20, left off ramp, left at stop sign, on left at civic 5106.

Building Specs.

Building Age:
60
Building Dimensions:
26x36
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl, Wood Siding
Flooring Type:
Ceramic, Hardwood, Laminate, Vinyl
Heating & Cooling:
Forced Air, Heat Pump -Ducted
Water:
Dug
Sewage:
Septic
Title:
Freehold

Garage & Parking

Garage:
No
Driveway/Parking:
Gravel, Parking Spaces(s)

Features

Balcony

Community Features

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

Rental Equipment

None

Map

Contact Agent