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6232 Cedar Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202007277

6232 Cedar Street Halifax B3H 2J9 : 2-Halifax South

Main Photo: 6232 Cedar Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202007277
$1,189,000
Prop. Type:
Multi-Family
MLS® Num:
202007277
Status:
Active
Great news investors! A wonderful opportunity has risen with this income property, nicely updated and a profitable money maker. A beauty like this does not come often, she is big and stands tall, with income of $69,540/annually after expenses, even though utilities (hot water, heat and electricity) are included in the leases. The property is situated in the executive South End Halifax region between Quinpool and Jubilee Road with a paved 4 vehicle parking lot. This prime location is walking distance to Dalhousie University and Kings College, Armbrae Academy, bus routes, hospitals, shopping, numerous schools such as the newly built LeMarchant-St. Thomas Elementary School & Preston Junior High School. There have been many upgrades within the last 10 years, including energy efficient windows, blown in insulation, maintenance free siding, Flexx point gutter system, roof, deck and many interior updates. The upper main flat is comprised of five bedrooms, 1.5 baths, original hardwood floors and walk out deck. The main flat is comprised of five bedrooms, 1 full bath, new hardwood floor throughout and walk out deck .The lower flat/basement apartment is comprised of three bedrooms, 1.5 baths with a open concept kitchen, dining, living area. The large private backyard is fully fenced. This area contains a storage shed, beautiful trees, plants, raspberries and roses bushes. As a result there is literally nothing left for any new owner to undertake - other than collect rent. All units have been rented.
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Duplex
Title To Land:
Freehold
Building Dimenions:
54 x 23.5
Lot Details:
5000 sq ft
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
3
Exterior Finish:
Vinyl
Foundation:
Concrete, Stone
Basement:
Full, Fully Developed, Walkout
Floor Finish:
Ceramic, Hardwood, Linoleum
Roof:
Rolled
Heating:
Baseboard, Hot Water
Fuel:
Oil
Parking:
Yes
Parking Description:
Paved, 4 spaces
Driveway:
Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
1908/year
Sewer:
Municipal
Num Units:
2
# Of Dishwashers:
3
# Of Dryers:
1
# Of Fridges:
3
# Of Microwaves:
2
# Of Stoves:
3
# Of Washers:
1
Rental Income:
Yes, 88,500/year
Laundry Income:
1500/year
Approx. Net Income:
69,540
Insurance Expense:
3504/year
Taxes Costs:
6864/year
Other Costs:
600/year
Heating Bill:
5820/year
Electricity Bill:
1764/year
Approx. Total Expense:
20,460
Approx. Total Income:
90,000/year
Apt Non-Conforming, Balcony, Cable, Family Room, Laundry, Multi-Use Rooms, Power, Storage, Telephone
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Stove, Dryer, Washer, Refrigerator
Water Heater
Shed
No
Zoning:
R2
Elementary School:
Lemarchant-St. Thomas Elementary
Middle School:
Halifax Central Junior High Scho
High School:
Citadel High School
Possession Info:
Negotiable
Listed Date:
May 07, 2020
Days on Mkt:
62
Data was last updated July 8, 2020 at 06:30 AM (UTC)
Andrew Murray
Angela  Leaman