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95 Church Street Springhill, Nova Scotia B0M 1X0

Baseboard Heaters, Furnace, Hot Water, Radiator

$219,900

Excellent Investment Opportunity in Springhill! Welcome to 95 Church Street, a multi-unit income property offering three self-contained rental units and strong income potential. Priced at $219,900, this property currently generates a total of $2,900 per month, or $34,800 annually in rental income. The property consists of a bachelor suite renting for $700/month with hydro included, a 2-bedroom unit renting for $1,000/month plus hydro, and a 3-bedroom unit renting for $1,200/month plus hydro and oil. Current reported operating expenses include approximately $2,000 annually in property taxes, $1,432 for water, and $3,600 for insurance, resulting in an estimated Net Operating Income (NOI) of $27,768 annually and a 12.63% cap rate based on the asking price. Surrounded by mature trees and offering off-street parking, the property provides an attractive opportunity for investors looking to add an income-producing property to their portfolio. Conveniently located in Springhill with access to local schools, shopping, services, and amenities. 95 Church Street offers an opportunity to acquire three rental units under one roof with established rental income. Book your viewing and explore the investment potential this property has to offer! (Financial information is based on figures provided by the seller and should be independently verified by the buyer.) (id:29604)

Property Details

MLS® Number 202620247
Property Type Multi-family
Community Name Springhill
Amenities Near By Golf Course, Park, Playground, Shopping, Place Of Worship
Community Features Recreational Facilities

Building

Appliances Dryer, Washer
Basement Development Unfinished
Basement Type Full (unfinished)
Exterior Finish Vinyl
Flooring Type Hardwood, Laminate
Foundation Type Concrete Perimeter
Heating Fuel Electric, Oil
Heating Type Baseboard Heaters, Furnace, Hot Water, Radiator
Type Triplex
Utility Water Municipal Water

Parking

Gravel
Parking Space(s)

Land

Acreage No
Land Amenities Golf Course, Park, Playground, Shopping, Place Of Worship
Sewer Municipal Sewage System
Size Irregular 0.4102
Size Total 0.4102 Ac
Size Total Text 0.4102 Ac

https://www.realtor.ca/real-estate/30140074/95-church-street-springhill-springhill

Interested?

Contact us for more information


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Liza Lobo

(902) 401-4345

Royal LePage Cumberland Realty Ltd.
8 Eddy Street
Amherst, Nova Scotia B4H 3K9

(902) 667-1175
(902) 667-1371
www.royallepage.ca/cumberland

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