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6575 Berlin Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth) : MLS®# 201827372

6575 Berlin Street Halifax B3L 1T8 : 4-Halifax West

Main Photo: 6575 Berlin Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201827372
$375,000
Prop. Type:
Multi-Family
MLS® Num:
201827372
Status:
Pending
What a fantastic opportunity for the first time investor, or for anyone looking to expand their rental portfolio! This legal duplex has been well maintained over the years, with all electrical and plumbing updated in more recent years all in accordance with municipal bylaws. Centrally located in sought after West End Halifax, this duplex sits on a large lot, has parking for two and a lovely backyard with separate basement for storage and utilities. The main flat has two bedrooms, a large living room, quaint kitchen and large dining room as well as its own laundry. The upper flat, which has been recently updated and spruced up, has the same configuration but without the large dining room. Rents are modestly lower than market rent for the area, but the lower tenant is flexible with occupancy and the upper tenant is month to month. The other option would be to remove the furnace and make tenants pay for their own utilities so profit margins improve. Also renovating the main floor unit would do the same. The ultimate point is that this location is second to none and the possibilities are endless in terms of what you can do to improve the property and therefore increase your return!
Connaught Ave to Berlin to Civic Address.
Listing Sub-Area:
4-Halifax West
Property Type:
Multi-Family
Multi-Family Type:
Duplex
Title To Land:
Freehold
Lot Details:
3880 square feet
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Walkout, Fully Developed, Undeveloped
Floor Finish:
Carpet, Hardwood, Laminate, Linoleum
Roof:
Asphalt Shingle
Heating:
Baseboard, Forced Air, Furnace
Fuel:
Electric, Oil
Parking:
Yes
Parking Description:
Double, paved
Driveway:
Double, Paved
Water Supply:
Municipal
Water And Sewage:
600
Sewer:
Municipal
Num Units:
2
Num 2 Bed Units:
2
# Of Dryers:
1
# Of Fridges:
2
# Of Stoves:
2
# Of Washers:
1
Rental Income:
21,600
Approx. Net Income:
14780
Taxes Costs:
2800
Heating Bill:
3420
Approx. Total Expense:
6820
Approx. Total Income:
21,600
Balcony, Family Room, Secondary Suite
Playground, Public Transit, School Bus Service, Recreation Center, Park
Stove - Gas, Dryer, Washer, Refrigerator
None
Deck, Patio
No
Zoning:
R2
Possession Info:
Negotiable
Listed Date:
Nov 19, 2018
Days on Mkt:
23
Listing information last updated on December 6, 2018 at 03:24 PM (UTC)
Andrew Murray
Angela  Leaman