44.638911200000
-63.593761600000

202007974

1 599 000
1524/26 Chestnut Street
Halifax South
Property Description
The crown jewel of triplexes, legal occupancy by the HRM for 19 tenants. Located across the street from Dalhousie University, this well cared for triplex has seen many upgrades throughout the years. Vacancy rates have been next to none since 2004. The triplex consists of a two-story, spacious eight-bedroom main unit renting for $5600 per month. A 5-bedroom basement unit rents for $2500 a month, tenants pay their own heat and electricity. The third and newest unit is comprised of a large 6 bedroom unit receiving $3,600 monthly income, tenants pay heat and electricity. Additional potential income includes renting parking spaces and a heated shed for storage revenues. If you are looking for a well taken care of investment property with low projected capital costs and strong proven revenue streams this is an opportunity you do not want miss.
Directions:
xxxx
Email
Cell
902-476-7079

Property Specifications

Property Size
Under 0.5 Acres
Building Dimensions
32.3 x 51.5
Garage
Yes
Age
99
Heating
Baseboard
Lot Size
5300 sq. ft.
Type
Triplex
District
Halifax-Dartmouth 2-B
Rental Equipment
None
Driveway
Concrete
Exterior
Wood Shingles
Parking
Parking for 5+ vehicles.
Sewer
Municipal
Water
Municipal
Migrated
Yes
PCDS
Yes

Additional Specifications

Rental Units
3
Stoves
2
Fridges
5
Dishwashers
2
Washers
3
Dryers
3

Income Information

Rental Income
140,400
Total Expenses
48,593.58
Total Income
140,400
Net Income
91,806.42