Meet Our Agents
- Status:
- Pending
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202421049
- Year Built:
- 1988
Investors take note! This is an 8-unit income property in a lovely, residential area in the heart of Digby, second street up from the waterfront. All 8 units are 2-bedroom self-contained units with their own parking space, 4 on each level, and the building is currently fully occupied. The building offers separate power meters and hot water tanks for each unit, such that tenants could pay their own heating/electric bill. The building was upgraded with all new windows in 2020 and new roof shingles in 2014. Two of the units have been completely renovated and the remainder have been well maintained. There is a sturdy 18’ x 8’ shed with new doors and lighting on the lower level that comes on when it senses sun down. Please note that current income/expenses reflect current owner paying power bills for all units. These numbers would change significantly with tenants paying those bills.
- Highway 303/Warwick Street in Digby, right on First Avenue, property on the right in the first block before you get to St. Marys Street.
- Listing Sub-Area:
- Digby County
- Property Type:
- Multi-Family
- Multi-Family Type:
- 5 - 8 Unit
- Title To Land:
- Freehold
- Building Dimenions:
- 71 x 40
- Outside Dimenions:
- 71 x 40
- Lot Size:
- 9,901 sq. ft.920 m2
- Prop Size:
- Under 0.5 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 8
- Year built:
- 1988 (Age: 36)
- Age:
- 36
- # Floors:
- 2
- Exterior Finish:
- Vinyl
- Foundation:
- Concrete
- New Constr.:
- No
- Basement:
- Fully Developed, Walkout
- Floor Finish:
- Carpet, Laminate, Vinyl
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard
- Fuel:
- Electric
- Parking:
- Yes
- Parking Description:
- Large lot with ample parking
- Driveway:
- Multiple Driveways, Paved
- Water Supply:
- Municipal
- Water And Sewage:
- $1,598
- Sewer:
- Municipal
- Num Units:
- 8
- Num 2 Bed Units:
- 8
- # Of Dryers:
- 1
- # Of Fridges:
- 8
- # Of Stoves:
- 8
- # Of Washers:
- 1
- Rental Income:
- Yes, $68,820
- Laundry Income:
- $1,200
- Approx. Net Income:
- $38,909
- Insurance Expense:
- $3,520
- Taxes Costs:
- $7,376
- Management expense:
- $5,107 including snow removal
- Heating Bill:
- $11,170 including electricity
- Approx. Total Expense:
- $28,771
- Approx. Total Income:
- $70,020
- Laundry
- 8 fridges, 8 stoves, 1 washer, 1 dryer.
- Park, Playground, Public Transit, Recreation Center, Shopping, Place of Worship
- Stove, Dryer, Washer, Refrigerator
- None
- Shed
- No
- First Avenue, Digby. Civic #59, units 1-8
- Zoning:
- General Development
- Listed Date:
- Aug 30, 2024
- Days on Mkt:
- 99
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Larger map options:
Listed by Keller Williams Select Realty
Data was last updated December 7, 2024 at 03:20 PM (UTC)
Area Statistics
- Listings on market:
- 12
- Avg list price:
- $314,000
- Min list price:
- $150,000
- Max list price:
- $1,700,000
- Avg days on market:
- 137
- Min days on market:
- 2
- Max days on market:
- 535
These statistics are generated based on the current listing's property type
and located in
Digby County. Average values are
derived using median calculations.
- Christeen Chiasson, REALTOR®
- Sydney
- 902-880-5713
- Contact by Email