Prime investment opportunity to purchase a fully occupied and legal 6 unit apartment building in a fantastic Dartmouth location. Configured as 5 X 2 Bedroom units and 1 X 1 Bedroom units. There is high demand for units in this building and the immediate area has ready access to all amenities. Tenants pay electricity and the Landlord delivers heat and hot water via a propane furnace. Building is well maintained and managed. There is ample on-site parking and shared laundry for use by the tenants. Priced at a 6.9% cap rate this is an attractive and performing asset. Current Phase I ESA on file and it is assignable to buyers. Act now!
Off market
Price Unknown
51 Gaston Rd, Halifax, NS B2Y 3W5
11beds
0baths
--sqft
MultiFamily
Built in 1965
-- sqft lot
$-- Zestimate®
C$--/sqft
$-- Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 0
Heating
- Baseboard
Appliances
- Included: Dryer, Refrigerator, Washer
Features
- Flooring: Hardwood, Laminate
- Basement: Full, Partially Developed
Property
Features
- Exterior features: Vinyl, Brick
Details
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 1965
Utilities & green energy
- Water: Municipal
Community & neighborhood
Location
- Region: Halifax
Other
Other facts
- Class: Multi-Unit
- BASEMENT: Full, Partially Developed
- EXTERIOR FINISH: Vinyl, Brick
- FLOORING: Laminate, Ceramic, Hardwood, Linoleum
- HEATING/COOLING TYPE: Hot Water, Baseboard, Radiator
- Title to Land: Freehold
- Road: Public
- APPLIANCES INCLUDED: Refrigerator, Stove, Dryer, Washer
- COMMUNITY FEATURES: Public Transit, Park, Playground, Shopping
- DOCUMENTS ON FILE: Other Documents, Leases, Financial Statements, Environment Assessment
- DRIVEWAY/PARKING: Parking Spaces(s), Paved
- FOUNDATION: Concrete
- ROOF: Other
- SEWAGE DISPOSAL: Municipal
- WATER SOURCE: Municipal
- # Washers: 1
- # Dryers: 1
- CONDITIONAL CLAUSE: FIN
- FEATURES: Laundry, See Remarks, Storage, Apt Non-Conforming
- District: 12-Southdale, Manor Park
- Type: 5-8 Units
- Zoning: R-2
- # Stoves: 6
- # Fridges: 6
- FUEL TYPE: Propane
- Sub-District: 12-D
- Water and Sewage Expense: 2884
- Snow and Garbage Expense: 825