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Main Photo: 35 CIRCLE Drive in Spryfield: 7-Spryfield Multi-Family for sale (Halifax-Dartmouth)  : MLS® # 201801162
Prop. Type:
Multi-Family
MLS® Num:
201801162
Status:
Pending
Year Built:
1969
“Solid investment opportunity in this well located 9 unit building that has recently had major upgrades dealt with! While the numbers look pretty strong there is demonstrated ability to sharpen the return some more by bringing the remaining units up to market rent. Mix of longer term and newer tenants. Laundry on site. Short walk to transit, shopping and amenities while being away from main drag in a quiet emerging neighbourhood. These factors are attractive to landlords and tenants alike. Let us know what questions you might have or plan a viewing!”
Herring Cove Road to Circle Drive
Listing Sub-Area:
7-Spryfield
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Building Dimenions:
50x60
Lot Details:
8,848 sq ft
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
9
Year built:
1969 (Age: 49)
Age:
47
# Floors:
3
Exterior Finish:
Brick, Vinyl
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Carpet, Hardwood, Vinyl
Roof:
Tar/Gravel
Heating:
Baseboard, Hot Water
Fuel:
Oil
Parking:
Yes
Parking Description:
Parking for 9 cars
Driveway:
Multi, Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
2,586
Sewer:
Municipal
Num 1 Bed Units:
1
Num 2 Bed Units:
8
# Of Dryers:
1
# Of Fridges:
9
# Of Stoves:
9
# Of Washers:
1
Rental Income:
75,000
Laundry Income:
1,500
Approx. Net Income:
50,838
Insurance Expense:
2,014
Taxes Costs:
5,605
Maintenace:
2885.0
Snow / Garbage Collection:
2,861
Heating Bill:
8,449
Electricity Bill:
1,262
Approx. Total Expense:
25,662
HST:
Exempt from HST
Approx. Total Income:
76,500
Apt Conforming, Cable, Laundry, Security Building, Telephone
Shed
None
Park, Shopping, Public Transit, Recreation Center, School Bus Service
Stove, Dryer - Electric, Washer, Refrigerator
None
Shed
No
Zoning:
R2
Elementary School:
John Macneil Elementary School
Middle School:
Cunard Junior High School
High School:
J. L. Ilsley High School
Possession Info:
Negotiable
Listed Date:
Jan 17, 2018
Days on Mkt:
35
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Listing information last updated on 26-Jan-2018 3:20 PM
Bruce Tramley
Adam Hennigar