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$ 219,900
Est. payment /mo
New
95 Church Street Springhill, NS B0M1X0
0.41 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Springhill
MLS® Listing ID 202620247
Lot Size 0.410 Acres
Acres 0.4102
Property Sub-Type Freehold
Property Description
Excellent Investment Opportunity in Springhill! Welcome to 95 Church Street, a multi-unit income property offering three self-contained rental units and strong income potential. Priced at $219,900, this property currently generates a total of $2,900 per month, or $34,800 annually in rental income. The property consists of a bachelor suite renting for $700/month with hydro included, a 2-bedroom unit renting for $1,000/month plus hydro, and a 3-bedroom unit renting for $1,200/month plus hydro and oil. Current reported operating expenses include approximately $2,000 annually in property taxes, $1,432 for water, and $3,600 for insurance, resulting in an estimated Net Operating Income (NOI) of $27,768 annually and a 12.63% cap rate based on the asking price. Surrounded by mature trees and offering off-street parking, the property provides an attractive opportunity for investors looking to add an income-producing property to their portfolio. Conveniently located in Springhill with access to local schools, shopping, services, and amenities. 95 Church Street offers an opportunity to acquire three rental units under one roof with established rental income. Book your viewing and explore the investment potential this property has to offer! (Financial information is based on figures provided by the seller and should be independently verified by the buyer.) (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Furnace, Hot Water, Radiator, ,
Flooring Hardwood, Laminate
Exterior
Parking Features No
Community Features Recreational Facilities
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Cumberland Realty Ltd.
NEARBY SCHOOL & BUSINESS
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