8158 Route 1 (MLS® 202218319)

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!

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

Cable, Laundry, Sump Pump

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

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