REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Lynn Violette

lynnvioletterealestate@gmail.com +1(902) 880-7024

Listed by Tanya Smyk • RE/MAX Nova (Halifax)

$ 969,000

Est. payment | -/mo

16 Beds

Save Virtual Tour

$ 969,000

Est. payment | -/mo

Save Virtual Tour

16 Beds

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202616349

Bedrooms 16

HOA Y/N No

Year Built 1972

Property Sub-Type Quadruplex

Source Nova Scotia

Property Description

RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.5% going-in capitalization rate at the asking price. The property includes four 2-bedroom apartments, established tenants, commercial-grade laundry and a newly constructed four-unit storage building. More than $212,000 has been invested in capital improvements and major building upgrades since 2022, including a new Ecoflo septic system, drainage management system, well equipment, bathroom renovations, commercial laundry equipment, insulation, exterior doors and other significant improvements. The result is an income-producing multifamily property with substantial infrastructure work already completed and approximately $63,339.33 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available.

Location

Province NS

County Halifax

Area 31-Lawrencetown, Lake Echo, Porters Lake

Zoning R-1

Region Halifax - Dartmouth

City Region Halifax - Dartmouth

Rooms

Basement None

Bedroom 2 6605.74

Dining Room $78, 990.00

Kitchen 2897.30

Interior

Interior Features Locker, See Remarks, Storage

Heating Baseboard

Flooring Laminate

Inclusions 4 Fridges, 4 Stoves, 1 Commercial Washing Machine, 1 Commercial Dryer, Lawn Mower, Salt Spreader

Equipment No Rental Equipment

Fireplace No

Appliance Stove, Dryer, Washer, Refrigerator

Laundry Laundry

Exterior

Exterior Feature Balcony

Community Features Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Place of Worship, Beach

View Y/N No

Roof Type Asphalt

Garage No

Private Pool No

Building

Lot Description Under 0.5 Acres

Story 2

Foundation Slab

Sewer Septic Tank

Water Drilled Well

New Construction No

Schools

Elementary Schools Bell Park Academic Centre

Middle Schools Graham Creighton Junior High School

High Schools Auburn Drive High School

Others

Ownership Freehold

ParcelsYN No

Virtual Tour https://tours.snaphouss.com/37martinlakedrivelakeechonsb3e1b1?b=0

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(902) 880-7024

lynnvioletterealestate@gmail.com

37 Martin Lake Dr Lake Echo, NS B3E 1B3