90/92 Richmond Street (MLS® 202623364)

Sydney, NS, B1P 0E2

Summary

MLS ®:
 202623364
Price:
 $275,000
Status:
 Active
District:
 201
Zoning:
 UR3
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 51600
Approx. Net Income:
 28,731
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 22869
Maintenance Expense:
 1000
Snow & Garbage Expense:
 1900
Water & Sewage Expense:
 2000
Insurance Expense:
 3069
Tax Costs:
 2600
Electricity Bill:
 2700
Heating Bill:
 8400
Other Costs:
 1200
Expense Details:
Call 902-499-7886

Property Overview

90/92 Richmond Street, Sydney (MLS® 202623364): Introducing a lucrative investment opportunity in the heart of Cape Breton! This exceptional 4 unit investment property consists of 4 two bedroom units , offering a fantastic return for any astute investor. Strategically located within walking distance of local shopping amenities, this property ensures convenience for tenants, enhancing tenant satisfaction and retention. It is just five minutes from the new NSCC Waterfront Campus and a mere 10 minutes to both Cape Breton Regional Hospital and Cape Breton University, making it ideal for students, healthcare professionals, and faculty alike, thus ensuring a steady stream of potential tenants. The combination of educational institutions and essential services nearby broadens the appeal to a varied demographic, including students, healthcare workers, and families. This property is priced to provide investors with an attractive return, making it an excellent addition to any real estate portfolio. To add to this value the adjacent building 33A and 33B Inverness street is also available The unique opportunity featuring two distinct buildings totaling 6 units , enhances privacy and tenant appeal while also providing flexibility for potential future renovations. With ongoing developments in the area, including the new waterfront campus, the property is well positioned, making it a smart choice for forward-thinking investors. This 6-unit portfolio package not only presents a solid financial opportunity but also contributes to the vibrant community of Cape Breton. Don’t miss your chance to invest in a property that’s not just a building, but a gateway to a thriving lifestyle. Invest in your future with this prime real estate opportunity.

Listing Courtesy of: RE/MAX NOVA (Windsor)

Directions

Prince Street in Sydney to disco Street to Richmond Street to Inverness

Building Specs.

Building Age:
114
Building Dimensions:
49x29+-jogs
Foundation Type:
Other
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Laminate, Linoleum
Heating & Cooling:
Furnace, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Multi
Driveway/Parking:
Gravel, Multiple Driveways, Paved

Community Features

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

Inclusions

4 stoves, 4 fridges

Rental Equipment

None

Map

Contact Agent


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