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6225/6223 Allan Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth) : MLS®# 201818862

6225/6223 Allan Street Halifax B3L 1G8 : 4-Halifax West

Main Photo: 6225/6223 Allan Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201818862
$485,000
Prop. Type:
Multi-Family
MLS® Num:
201818862
Status:
Active
Year Built:
1910
This is an excellent opportunity to invest in peninsular Halifax with this well maintained and modestly updated legal duplex with separate entrances! A great arrangement as the tenants pay their own utilities so the new owner is only responsible for taxes and city water, which is lucrative and keeps expenses down. Rents are modestly under valued and can be increased in the future to further improve the income stream. Total revenue is $28,000 and this property even has some important updates, including: new windows, insulation in exterior walls, roof shingles, water tank and a new garden shed. The backyard is flat, fenced and great for kids to play or pets to run free, and even has parking for two spots in the back. The units themselves have an old world charm with old fireplaces, hardwood floors in one unit and new laminate in the other, vintage old wooden doors and knobs, etc. The upper unit even has a very convenient sun porch and upper top floor patio, great for morning coffees or late night summer beverages. Your tenants will be very happy living here. This is a low maintenance building and perfect for the first time real estate investor or even a seasoned experienced landlord. Make your move today! You won't be disappointed.
Quinpool Road to Harvard Street to Allan Street
Listing Sub-Area:
4-Halifax West
Property Type:
Multi-Family
Multi-Family Type:
Duplex
Title To Land:
Freehold
Building Dimenions:
36.5' x 25'
Lot Details:
2745 sq ft
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
2
Year built:
1910 (Age: 108)
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Undeveloped, Fully Developed
Floor Finish:
Hardwood, Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Forced Air, Furnace, Radiant
Fuel:
Oil
Parking:
Yes
Parking Description:
Double, paved
Driveway:
Parking Spaces(s), Paved, Shared
Water Supply:
Municipal
Water And Sewage:
500/year
Sewer:
Municipal
Num Units:
2
Num 2 Bed Units:
2
# Of Dishwashers:
1
# Of Dryers:
2
# Of Fridges:
2
# Of Stoves:
2
# Of Washers:
2
Rental Income:
28000
Approx. Net Income:
23247.10
Taxes Costs:
4252.90/year
Approx. Total Expense:
4752.90
HST:
Exempt from HST
Approx. Total Income:
28000
Apt Conforming, Cable, Dining Room, Fireplace(s), Laundry, Power, Secondary Suite, Storage, Telephone
2 refrigerators, 2 stoves, 1 dishwasher, 1 washer, 1 dryer
Recreation Center, School Bus Service, Park, Public Transit, Playground, Shopping
Oven - Electric, Range - Electric, Dishwasher, Dryer, Washer, Refrigerator
None
Deck, Patio, Shed
No
Zoning:
R2
Listed Date:
Jul 27, 2018
Days on Mkt:
20
Listing information last updated on August 1, 2018 at 01:20 AM (UTC)
Andrew Murray
Angela  Leaman