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Lynn Violette

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

Listed by Liza Lobo • Royal LePage Cumberland Realty Ltd.

$ 219,900

Est. payment | -/mo

5 Beds

0.41 Acres Lot

Save

$ 219,900

Est. payment | -/mo

Save

5 Beds

0.41 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202620247

Bedrooms 5

HOA Y/N No

Lot Size 0.410 Acres

Acres 0.4102

Property Sub-Type Triplex

Source Nova Scotia

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.)

Location

Province NS

County Cumberland

Area 102S-South Of Hwy 104, Parrsboro And Area

Zoning RES

Region Northern Region

City Region Northern Region

Rooms

Basement Full, Unfinished

Bedroom 2 2000

Dining Room 34800

Kitchen 3600

Interior

Heating Baseboard, Furnace, Hot Water, Radiator

Flooring Hardwood, Laminate

Inclusions Washer And Dryer In 2 Bedroom Unit

Equipment No Rental Equipment

Fireplace No

Appliance Dryer, Washer

Exterior

Community Features Golf, Park, Playground, Recreation Center, Shopping, Place of Worship

Utilities Available Electricity Connected

View Y/N No

Roof Type Metal

Garage No

Private Pool No

Building

Lot Description Under 0.5 Acres

Story 2

Foundation Concrete Perimeter

Sewer Municipal

Water Municipal

New Construction No

Schools

Elementary Schools Springhill Elementary School

Middle Schools Springhill Junior-Senior High School

High Schools Springhill Junior-Senior High School

Others

Ownership Freehold

ParcelsYN No

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

95 Church St Springhill, NS B0M 1X0