7402 3 Highway (MLS® 202620769)

Martins River, NS, B0J 2E0

Summary

MLS ®:
 202620769
Price:
 $589,000
Status:
 Active
District:
 DILUN
Zoning:
 res
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 $53,400 annually
Approx. Net Income:
 $35,720
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $17,680
Snow & Garbage Expense:
 $629
Insurance Expense:
 $5,520
Tax Costs:
 $3,504 approximate
Electricity Bill:
 $8,027
Expense Details:
Call 902-499-7886

Property Overview

7402 3 Highway, Martins River (MLS® 202620769): Located just minutes from the town of Mahone Bay, this multi-unit apartment house in the heart of Martins River has had numerous upgrades in recent years including: roofing (metal and asphalt) drywall, kitchens, baths, flooring and ductless heat-pumps. The building consists of five one-bedroom units totaling 2,600 sq. ft. with all units fully occupied. The property has ample parking, a large back yard and adjacent the building a 24 ft. by 24 ft detached garage. The land is comprised of two side-by-side lots: one occupied by the building consisting of 15,500 sq. ft. of level land and the second vacant parcel consisting of 25,800 sq. ft. for a total of just under one acre of land. This property would lend itself for further expansion - either for residential use or for any number of commercial enterprises. The convenient location has always insured stable occupancy and revenue.

Listing Courtesy of: Engel & Volkers (Lunenburg)

Directions

Exit 10 from Highway 103. Left onto old Highway 3 direction Martins River. Property on the left shortly after the bridge in Martins River.

Building Specs.

Building Age:
75
Building Dimensions:
25'x36'+16'5x34'+6'5x9'5+12'5x20'+16'x15'
Foundation Type:
Concrete
Roof Material:
Metal
Exterior Finish:
Vinyl
Flooring Type:
Carpet, Laminate, Tile, Vinyl
Heating & Cooling:
Baseboard, Heat Pump -Ductless
Water:
Drilled Well
Sewage:
Septic
Title:
Freehold

Garage & Parking

Garage:
Yes
Garage Details:
Garage 24 ft by 24 ft
Parking:
Ample parking for five vehicles.
Driveway/Parking:
Gravel, Parking Spaces(s)

Features

Air Conditioning, Balcony, Power, Storage

Inclusions

Five fridges and five stoves.

Rental Equipment

None

Map

Contact Agent


Similar Properties