95 Church Street (MLS® 202620247)

Springhill, NS, B0M 1X0

Summary

MLS ®:
 202620247
Price:
 $219,900
Status:
 Active
District:
 102S
Zoning:
 RES
Property Type:
 Triplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 34800
Approx. Net Income:
 27768
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 7032
Snow & Garbage Expense:
 0
Water & Sewage Expense:
 1432
Insurance Expense:
 3600
Tax Costs:
 2000
Electricity Bill:
 0
Heating Bill:
 0
Expense Details:
Call 902-499-7886

Property Overview

95 Church Street, Springhill (MLS® 202620247): Excellent Investment Opportunity in Springhill! Welcome to 95 Church Street, a multi-unit income property offering three self-contained rental units and strong income potential. Priced at $219,900, this property currently generates a total of $2,900 per month, or $34,800 annually in rental income. The property consists of a bachelor suite renting for $700/month with hydro included, a 2-bedroom unit renting for $1,000/month plus hydro, and a 3-bedroom unit renting for $1,200/month plus hydro and oil. Current reported operating expenses include approximately $2,000 annually in property taxes, $1,432 for water, and $3,600 for insurance, resulting in an estimated Net Operating Income (NOI) of $27,768 annually and a 12.63% cap rate based on the asking price. Surrounded by mature trees and offering off-street parking, the property provides an attractive opportunity for investors looking to add an income-producing property to their portfolio. Conveniently located in Springhill with access to local schools, shopping, services, and amenities. 95 Church Street offers an opportunity to acquire three rental units under one roof with established rental income. Book your viewing and explore the investment potential this property has to offer! (Financial information is based on figures provided by the seller and should be independently verified by the buyer.)

Listing Courtesy of: Royal LePage Cumberland Realty Ltd.

Directions

1. From Amherst, take NS-2 South toward Springhill. 2. Continue on NS-2 for approximately 24 km until you reach Springhill. 3. As you enter Springhill, continue straight onto Main Street. 4. Turn left onto Church Street. 5. Continue on Church Street for about 500 m. 6. 95 Church Street will be on your left, just past (84 Church Street)

Building Specs.

Building Dimensions:
28x22+30x20+12x19+13x12+12x9
Foundation Type:
Concrete
Roof Material:
Metal
Exterior Finish:
Vinyl
Flooring Type:
Hardwood, Laminate
Heating & Cooling:
Baseboard, Furnace, Hot Water, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Driveway
Driveway/Parking:
Gravel, Parking Spaces(s)

Community Features

Golf Course, Park, Place of Worship, Playground, Recreation Center, Shopping

Schools

Elem. School: Springhill Elementary School
Mid. School: Springhill Junior-Senior High School
High School: Springhill Junior-Senior High School

Inclusions

Washer and dryer in 2 bedroom unit

Rental Equipment

None

Map

Contact Agent


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