44.638935295480
-63.593695542328

202200036

1 799 000
1524/1526 Chestnut Street
Halifax South
Property Description
Centrally located Triplex with legal occupancy for 19 tenants. Situated next to Dalhousie the apartments have gone years without a vacancy. The units have been well-cared for undergoing many upgrades in recent years. Each apartment is spacious, consisting of open concept kitchen dining and living rooms with large well-designed bedrooms. The main unit is a two-story, eight-bedroom 2 & 1/2 bath currently renting for $6375 per month. The down-stairs unit consists of 5-bedroom with 2 full baths the kitchen and bath have been updated and is currently renting for $3170 per month. The upstairs third unit is a six-bedroom 2 full bath currently renting for $3880 per month. For this unit the tenants pay 2/3 of the heat and electricity. All three self-contained units have their own laundry. Internet and living room furniture are included with rent. Additional potential income includes a heated shed which can be rented as a storage area. If you are looking for a well taken care of investment property with strong revenues and upside this is a must view.
Directions:
xxxx
Email
Cell
902-476-7079

Property Specifications

Property Size
Under 0.5 Acres
Building Dimensions
32.3 X 51.5
Garage
No
Age
100
Heating
Baseboard
Type
Triplex
Zoning
xxxx
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
3
Fridges
7
Dishwashers
2
Washers
3
Dryers
3

Income Information

Rental Income
161,100.00
Total Expenses
42,169.82
Total Income
166,140.00
Net Income
123,970.18