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14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street 14 14 Brule Street

14 Brule Street, Dartmouth

Price: $ 1275000

Description

Prime investment opportunity to purchase a fully occupied 16 unit apartment building in Dartmouth. Configured as 8 X 1 Bedroom units and 8 X 1 Bachelor units. There is high demand for units in this building and the immediate area has ready access to buses and schools. Tenants pay electricity and the Landlord delivers heat and hot water via a propane furnace. Building is well maintained and the building also features an office for management. There is ample on-site parking and shared laundry for use by the tenants. Priced at a 6.8% cap rate this is an attractive and performing asset. New environmental studies on file and they are assignable to buyers. Act now!​

Property Type:

  • Over 12 Unit
MLS® #:202005108
PID:00037135
Total Number of Units:16

Property Details

District13-Crichton Park, Albro Lake
Property sizeUnder 0.5 Acres
Number of stories2
Building age60
Exterior
  • Brick
  • Wood
Foundation
  • Concrete
Roof
  • Other
Services
  • Electricity
  • Telephone
  • Bus Service
  • Cable
  • High Speed Internet
Flooring
  • Carpet
  • Cushion/Lino
  • Hardwood
  • Ceramic
  • Laminate
Heating
  • Propane
  • Baseboard
  • Hot Water
  • Radiator
Features
  • See Remarks
  • Security Building
  • Apt Conforming
Land features
  • Level
Rental equipment
  • Propane Tank
ParkingApprox 12 spaced
Driveway
  • Paved
  • Multi
Garage type
  • None
Water
  • Municipal
Sewer
  • Municipal
ZoningHR-1
Title to landFreehold

Multi-Units

One Bedroom8
Bachelor8

Inclusions

Stoves Included17
Fridges Included17
Washers Included1
Dryers Included1

Estimate Income

Rental income127283
Laundry income1360
Approximate total income128643
Approx net income86270

Estimated Expenses

Insurance cost4200Per Year
Management cost1800Per Year
Electricity bill1644Per Year
Water and sewer cost6000Per Year
Other cost350Per Year
Heating bill11769Per Year
Maintenance cost3796Per Year
Property tax8597Per Year
Snow and garbage cost4217Per Year
Total expenses42373Per Year

Who pays

ElectricTenant
HeatingOwner

Property Improvements

Propane boiler, vinyl windows

Schools

*All information provided is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind."

Directions

Victoria Rd to Primrose to Robert Burns to Brule

Ian MacIntyre, CPA, CA MacIntyre, CPA, CA
Denise MacDonell MacDonell