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6287-6289 Jennings Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202103125

6287-6289 Jennings Street Halifax B2W 0E8 : 2-Halifax South

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$1,400,000
Prop. Type:
Multi-Family
MLS® Num:
202103125
Status:
Pending
Year Built:
1929
Investors take notice! Great opportunity to purchase an extremely profitable investment property! Located in the sought after South End of Halifax's peninsula and just minutes to Dalhousie University and King's College. With zero past vacancies during the current ownership and full occupancy until May 2022 (unit B) and September 2022 for units A and C, you will start making money instantly! Major updates to the property include: Roof shingles, windows, electrical, plumbing, all kitchens, most bathrooms, front veranda and many more. 2020 net income $86,984 with a cap rate of 6.2%. Please contact today for more detailed information and to book a private showing. Don't miss out on this fantastic opportunity!
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Duplex
Title To Land:
Freehold
Building Dimenions:
51x27(+/-jog)
Lot Details:
3135 sq ft
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
3
Year built:
1929 (Age: 92)
Age:
92
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Ceramic, Hardwood, Laminate, Marble
Roof:
Asphalt Shingle
Heating:
Hot Water, Radiator
Fuel:
Oil
Parking:
Yes
Parking Description:
Paved, 9.4’ wide at the sidewalk narrowing to 7.26’ at back 95' long
Driveway:
Paved
Water Supply:
Municipal
Water And Sewage:
2760.45
Sewer:
Municipal
Num Units:
3
# Of Dishwashers:
3
# Of Fridges:
3
# Of Stoves:
3
Rental Income:
Yes, 111745.00 (2020)
Approx. Net Income:
86,984.32
Insurance Expense:
5681.00
Taxes Costs:
8527.48 (2020/21)
Heating Bill:
4212.04
Electricity Bill:
3569.71
Approx. Total Expense:
24,760.68
Approx. Total Income:
111745.00 (2020)
Balcony, Cable, Power, Storage, Telephone
Other
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:
Feb 23, 2021
Days on Mkt:
10
Data was last updated March 5, 2021 at 05:20 PM (UTC)
Anne Da Silva
Richard Gosse