Exceptional Investment Opportunity: 4-Plex Townhouse Complex Discover an incredible investment opportunity with this well-maintained 4-plex townhouse complex, perfectly positioned to deliver significant returns. This property features four spacious two-storey townhouses, each offering 3 bedrooms and plenty of living space. With each unit separately metered for power and heating, tenants pay their own utilities, making this a low-maintenance and efficient investment. Property Highlights: 4 Townhouse Units: Each unit is thoughtfully designed with 3 bedrooms, private laundry, and access to a full basement (unfinished) for additional storage or potential future improvements. Utilities: Tenants are responsible for their own utilities (excluding cold water), offering a straightforward and hassle-free income stream. Undervalued Rent Potential: Two of the units are currently rented at below-market rates, providing an incredible upside for rental income. With all units adjusted to market rent, this property boasts a strong 6.99% cap rate at the asking price. Individual Features: Each townhouse includes a private paved driveway, access to a shared lawn space, 100-amp electrical service, an oil tank, and an individual furnace. Current Rental Income: Units are rented at $2, 500 (Fixed lease), $2, 500 (Fixed lease), $1, 100 (Periodic lease), and $1, 250 (Periodic lease) per month, with tenants responsible for their own utilities. This diverse rental structure offers stability with room for growth. Investor Potential: This 4-plex presents an extraordinary opportunity for both seasoned and new investors alike. With undervalued rents in two of the units, there is significant potential to increase revenue and enhance the property's overall return. The convenience of individual metering and tenant-paid utilities further ensures a low operating cost, maximizing your net income. Seller is a licensed real estate member with the Nova Scotia Real Estate Commission. (id:55598)
- MLS® 202419568
- Date Listed08/14/2024
- Days on Realty 74 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Public Sewer
- Subdivision Halifax
- Property Type Quadruplex
- Water Public
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
85/100
Very Walkable
Walk Score ®
55/100
Good Transit
Transit Score ®
42/100
Bikable
Bike Score ®
Overview
Most errands can be accomplished on foot. Many nearby public transportation options. Minimal bike infrastructure.Transit Summary
16 nearby routes: 16 bus, 0 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 45/100, Bike Score: 41/100.
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Frequently Asked Questions for 65 Gordon Avenue
Source: Realty.com
65 Gordon Avenue, Halifax, NS B3M1E4 is a Quadruplex, Residential Income property listed for $1,490,000 The property is 0 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 4 photos of 65 Gordon Avenue.
The full address for this home is 65 Gordon Avenue, Halifax, NS B3M1E4.
65 Gordon Avenue has been listed on Realty.com since Wed August 14, 2024
Most errands can be accomplished on foot. Many nearby public transportation options. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 45/100, Bike Score: 41/100.
Listing provided courtesy of:
Air Realty Limited
(tel: (902) 210-9894)
Listing agent:
Joshua Svec
(tel: (902) 210-9894)
This content last refreshed on 2024-10-27 23:56:51. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 65 Gordon Avenue, Halifax, NS B3M1E4 : MLS® 202419568