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$3,450,000
Est. payment /mo
1.49 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Truro Heights
MLS® Listing ID 202508353
Lot Size 1.490 Acres
Acres 1.49
Property Sub-Type Freehold
Source Nova Scotia Association of REALTORS®
Property Description
Now available in the growing community of Truro Heights: a rare 24-unit apartment building offering both immediate income and long-term upside. This 3-storey, wood-frame walk-up features individual power meters for each unit, ample on-site parking, and a strong tenant base. With a gross potential rental income nearing $30,000/month ($360,000 annually), this property is already a solid performer. Even better? 16 of the 24 units have been recently updated, leaving room for additional value-add improvements. With rental demand strong in the area and an appraisal pointing to a much higher potential value than the current asking price, this is a golden opportunity for savvy investors. Whether youre scaling your portfolio or stepping into multifamily ownership, this building is worth a closer look. (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Cooling Heat Pump
Flooring Carpeted, Laminate, Vinyl
Exterior
Parking Features No
Community Features Recreational Facilities, School Bus
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Royal LePage Truro Real Estate