44.638981100000
-63.593717000000

201822576

1 685 000
1524/1526 Chestnut Street
Halifax South
Property Description
19-bedroom, 3-unit investment property. Located next to Dalhousie University, this substantial building has not had a vacancy in over five years, predominately due to its unbeatable location and large bedroom and unit size. With full occupancy until September 2019, this structure operates more as a 19-unit apartment building rather than a triplex. With continuous, sizable returns, this one of a kind property covers the 3 main items an investor looks for: 1) Debt Reduction 2) Capital Appreciation 3) Positive Cash Flow. Well-maintained and upgraded over the years, the downstairs unit consists of 5 bedrooms with an upgraded kitchen and common space. The main floor unit consists of 8 very large bedrooms, 2 and ½ baths, a large common area, and an open-concept kitchen. High ceilings paired with crown molding and elegant features compliment this unit’s character. The 3rd unit has an additional 6 bedrooms and 2 baths with an upgraded living room and kitchen. Each unit has at least 2 baths and laundry. Additional revenue is earned through parking and storage rental. Do not miss out on this opportunity!
Directions:
xxxx
Email
Cell
902-476-7079
Email
Cell
902-877-2075

Property Specifications

Property Size
Under 0.5 Acres
Building Dimensions
32.2 x 51.5
Garage
No
Age
97
Heating
Baseboard,Furnace
Lot Size
5300
Type
Triplex
District
Halifax-Dartmouth 2-B
Rental Equipment
None
Driveway
Gravel,Parking Spaces(s),Paved
Exterior
Wood Shingles
Parking
5 Spaces
Sewer
Municipal
Water
Municipal
HST
Exempt from HST
Migrated
Yes
PCDS
No

Additional Specifications

Rental Units
3
Stoves
2
Fridges
7
Dishwashers
3
Washers
3
Dryers
3

Income Information

Rental Income
140,460.00
Total Expenses
41,896.72
Total Income
144,660
Net Income
102,763.28