3265 Union St, Halifax, NS B3K 5H2

Welcome to 3265/67/69 Union Street. This legal triplex is located in the North End of Halifax and has great income potential. Comprising 2 x 2bed, 1 bath and 1 x 1 bed, 1 bath apartments, the current tenants are single family members occupying all 3 apartments paying a combined monthly rent of $2050. With local market rents of $1000-$1200 for a 2 bed and $800-$1000 for a 1 bed this would give a potential high-end Cap Rate of approx 5% for this property! The building is in great condition and has been well maintained. Hardwood flooring throughout the majority of the main living areas. The basement level has been renovated to house a common laundry room and additional tenants' storage areas. Tenants pay their own utilities with four electrical zones and the landlord pays electric for the common areas, taxes, oil and water. This property sits in a great location with a small view of the Harbour from the upper apartment deck and short walking distance across the street to the Fort Needham Memorial Park. To accommodate the tenants' work schedules there are only 3 small windows of time for showings so don't delay and call your agent today to make sure you don't miss out on this great investment opportunity!