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$ 1,299,000
Est. payment /mo
Active
376 Beaver Bank Road Beaver Bank, NS B4E1K4
0.34 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Beaver Bank
MLS® Listing ID 202518120
Year Built 2023
Lot Size 0.342 Acres
Acres 0.3418
Property Sub-Type Freehold
Source Nova Scotia Association of REALTORS®
Property Description
This fully rented four units building, built in 2023, offers over 4,750 sq. ft. of finished living space and includes seven parking spots, one of which is a private garage attached to one of the larger units. With all four units currently leased to reliable tenants, this property is a turnkey opportunity for any serious investor. The building generates a gross monthly income of $8,100, totaling $97,200 annually. With low operating coststenants cover power, heat, snow removal, and lawn carethe total annual expenses come to just $12,600. This results in a strong net operating income of $84,600 per year. The unit layout includes two large three-bedroom, two-and-a-half-bath units (one with a garage), one two-bedroom, one-bath unit, and one one-bedroom, one-bath unit. Each unit features in-unit laundry, energy-efficient heat pumps, and a full appliance package. Situated on a main road with easy bus access, the property is directly across from a grocery store and conveniently located near schools and daycares. This is a rare chance to acquire a modern, income-producing asset in a prime location with solid returns and minimal overhead. Leases and further details are available upon request. (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Flooring Laminate
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX Nova