59 First Avenue (MLS® 202315874)

Digby, NS, B0V 1A0

Summary

MLS ®:
 202315874
Price:
 $525,000
Status:
 Pending
District:
 DIDIG
Zoning:
 General Development
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 $70,020
Approx. Net Income:
 $38,909
Laundry Income:
 $1,200
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $28,771
Management Expense:
 $5,107 including snow removal
Water & Sewage Expense:
 $1,598
Insurance Expense:
 $3,520
Tax Costs:
 $7,376
Heating Bill:
 $11,170 including electricity
Expense Details:
Call 902-499-7886

Property Overview

59 First Avenue, Digby (MLS® 202315874): Investors take note! This is an 8-unit income property in a lovely, residential area in the heart of Digby, second street up from the waterfront. All 8 units are 2-bedroom self-contained units with their own parking space, 4 on each level, and the building is currently fully occupied. The building offers separate power meters and hot water tanks for each unit, such that tenants could pay their own heating/electric bill. The building was upgraded with all new windows in 2020 and new roof shingles in 2014. Two of the units have been completely renovated and the remainder have been well maintained. There is a sturdy 18’ x 8’ shed with new doors and lighting on the lower level that comes on when it senses sun down. Please note that current income/expenses reflect current owner paying power bills for all units. These numbers would change significantly with tenants paying those bills.

Listing Courtesy of: Keller Williams Select Realty

Directions

Highway 303/Warwick Street in Digby, right on First Avenue, property on the right in the first block before you get to St. Marys Street.

Building Specs.

Building Age:
36
Building Dimensions:
71 x 40
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Carpet, Laminate, Vinyl
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Large lot with ample parking
Driveway/Parking:
Multiple Driveways, Paved

Features

Laundry

Community Features

Park, Playground, Public Transit, Recreation Center, Shopping, Place of Worship

Inclusions

8 fridges, 8 stoves, 1 washer, 1 dryer.

Rental Equipment

None

Map

Contact Agent


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