470 474 Main Street, Lawrencetown
470 474 Main Street, Lawrencetown
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30 Photos
- MLS®: 202401576
- Type: Townhouse
- Added: 94 days ago
Property Details
Recently restored and kept in excellent condition, this 8-unit residential income property sits in a great location at the heart of Nova Scotia's fast-growing Annapolis Valley. Nearby NSCC-COGS geographic sciences campus attracts mature students from all over the world. This is an excellent opportunity for an investor to reap the immediate rewards of a low-maintenance, easy-to-rent property. Main building consists of 6 units (4 ground-level, 2 upper-level); four are 1-bedroom, two are 2-bedroom. Back building consists of 2 units (1 ground level, 1 bedroom + 1 split-level, 1+1 bedroom). Excellent income and strong capitalization rate. Recent windows, siding, roof, flooring, paint; you name it, it's done. Lots of parking. Access to public transport, high-speed internet. This property uniquely features frontage on the Annapolis River, a big bonus for potential future development. Fibre internet in all units. Priced to sell; qualified buyers should contact for financials and additional information. Don't sleep on this one! (id:1945)
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Property Information
- View: River view
- Sewer: Municipal sewage system
- Basement: Unfinished, Full, Walk out
- Flooring: Tile, Hardwood, Laminate, Carpeted, Vinyl
- Appliances: Refrigerator, Stove
- Directions: From Highway 101, Exit 19: South on Elliott Road to Highway 1 (Main St.), East to Civic/Sign (in Town centre)
- Photos Count: 30
- Water Source: Municipal water
- Lot Size Units: acres
- Parcel Number: 05125463
- Structure Type: Apartment
- Common Interest: Freehold
- Parking Features: Gravel
- Exterior Features: Vinyl
- Community Features: School Bus, Recreational Facilities
- Foundation Details: Stone, Concrete Perimeter
- Lot Size Dimensions: 0.7346
- Waterfront Features: Waterfront on river
Features
- Roof: Asphalt Shingle
- View: Waterfront: River, 65 Feet
- Other: Community Features: Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship, Foundation: Concrete, Stone, 4 One Bedroom, 4 Two Bedroom, 8 Occupied, Rental Income: 71784, Approximate Total Income: 71784, Insurance Expense: 3892.00, Maintenance Expense: 3230.44, Water and Sewage Expense: 1081.42, Snow and Garbage Expense: 284.62, Heating Bill: 8467.62, Electricity Bill: 4595.44, Taxes Costs: 5791.82, Approximate Total Expenses: 18687.27, Approximate Net Income: 45775.16
- Heating: Electric, Oil, Baseboard, Hot Water
- Appliances: 8 Stoves, 8 Fridges
- Interior Features: Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl
- Sewer/Water Systems: Water Source: Municipal, Sewage Disposal: Municipal
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