8158 Route 1 (MLS® 202218319)

Meteghan, NS, B0W 2J0

Summary

MLS ®:
 202218319
Price:
 $419,900
Status:
 Active
District:
 DIDIG
Zoning:
 Res
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Net Income:
 25166
Income Details:
Call 902-499-7886

Expenses

Maintenance Expense:
 190 estimated
Snow & Garbage Expense:
 600
Insurance Expense:
 1920
Tax Costs:
 2700
Electricity Bill:
 paid by tenants
Heating Bill:
 paid by tenants
Expense Details:
Call 902-499-7886

Property Overview

8158 Route 1, Meteghan (MLS® 202218319): INVESTOR ALERT: 6.3% CAP RATE. This well maintained & upgraded Victorian fourplex is perched on a hill with stunning ocean & sunset views from all units, making it a sought after rental. Annual Gross Rents (4 units): $31,260. Annual Expenses: Insurance $1,920, Taxes $2,700, Lawn/Snow removal $840), Maintenance $600). Rents less expenses = $24,440. Tenants pay own heat and lights on 4 separate meters. Downstairs 2 bdrm units have separate oil furnaces. Upstairs 1 bdrm units are baseboard and unit 4 has a (2019) Fujitsu heat pump (paid in full). 2019 updates: Back roof replaced, 2 new fibreglass oil tanks, seamless gutters, new water pump tank and all new modern lighting, chandeliers and plumping fixtures in units 2 & 4. 2020 update: New chimney cap. Extensive list of recent improvements available upon request, making this a TURNKEY INVESTMENT. On municipal sewer and shared well with great neighbour sfd. Meteghan is an established lobster fishing town. 30 mins to Yarmouth, 45 mins to Digby and 3 hrs to Halifax. The house is on a bus route and walking distance to post office, library, credit union and groceries. The property includes a large shed, ample parking and a large partially wooded, scenic back lot. Act Fast on this exceptional opportunity in a picturesque oceanside town!

Listing Courtesy of: RE/MAX Banner Real Estate

Directions

Route one to Meteghan property is not on the water side.

Building Specs.

Building Age:
103
Building Dimensions:
27x69
Foundation Type:
Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Shingles
Flooring Type:
Carpet, Hardwood, Laminate, Vinyl
Heating & Cooling:
Baseboard, Forced Air, Furnace, Heat Pump -Ductless
Water:
Dug, Shared
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
Yes
Garage Details:
none
Driveway/Parking:
Dirt, Double, Parking Spaces(s)

Features

Cable, Laundry, Sump Pump

Community Features

Golf Course, Park, Playground, School Bus Service, Shopping

Rental Equipment

None

Map

Contact Agent


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