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1734 Preston Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202021205

1734 Preston Street Halifax B3H 3V4 : 2-Halifax South

Main Photo: 1734 Preston Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202021205banner
$699,000
Prop. Type:
Multi-Family
MLS® Num:
202021205
Status:
Active
Year Built:
1840
Attention Investors...take advantage of the opportunity for a property in a great location in Halifax. This property is a 3-unit building that was owner occupied. New windows and doors, new vinyl siding with added insulation, blown-in insulation added to walls, complete basement renovation in 2018, with insulated subfloor added, spray foam to exterior walls, new plumbing on an electric pump system, and a Pressure Relief Power drainage system installed. There is a wired 19'x12' outbuilding that the late owner used as a library and has many possible uses. This old beauty has some character and lots of possibilities, including some space that got lost in the renovations underneath the regal staircase to the upstairs unit. There are currently two units rented, and both tenants would be open to staying. The tenants pay their own electric heat, hot water, and power. The water is included in the rent, currently at $800.00 per month downstairs and $1,200.00 per month upstairs. A backyard and a concrete driveway is shared by the tenants. The late owner made his home there for many years, first living in the unit upstairs and then moving to the main level after having some health issues. This building has had many upgrades done and looks good from the curb. It has great potential, and we invite you to come have a look!
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Estate Sale
Building Dimenions:
35.07x22.01
Lot Details:
3045 Sq ft
Outside Dimenions:
35.07x22.01
Lot Size:
Switch units of measure0.1 acre(s)
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
2
Year built:
1840 (Age: 180)
Age:
180
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Hardwood, Laminate
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking Description:
2 Car single driveway parking
Driveway:
Concrete
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
3
Num Bachelor Units:
1
Num 1 Bed Units:
1
Num 2 Bed Units:
1
# Of Fridges:
3
# Of Stoves:
3
Rental Income:
Yes, 24000 Excl. owner occupied uni
Approx. Net Income:
5372 excl owner occupied
Insurance Expense:
2177
Taxes Costs:
5372 excl. owner occupied
Other Costs:
Basement repairs $9149 2019
Snow / Garbage Collection:
680
Heating Bill:
Tenants pay their electric hea
Electricity Bill:
Tenants pay
Approx. Total Expense:
16827.01 excl owner occupied
Approx. Total Income:
24000
Fireplace(s)
Fridge & Stove in 3 units
Tenants belongings
Park, Playground, Public Transit, Recreation Center, Shopping
Stove, Refrigerator
None
Shed
No
Multi-unit building
Zoning:
R2
Elementary School:
Sir Charles Tupper School
Middle School:
Halifax Central Junior High Scho
High School:
Citadel High School
Possession Info:
Negotiable
Listed Date:
Oct 13, 2020
Days on Mkt:
10
Data was last updated October 23, 2020 at 09:20 PM (UTC)
Joanne Zinck