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4 4 Brule Street 4 4 Brule Street 4 4 Brule Street 4 4 Brule Street 4 4 Brule Street 4 4 Brule Street

4 Brule Street, Dartmouth

Price: $ 895000

Description

Excellent investment opportunity to purchase a fully occupied and legal 12 unit apartment building in Dartmouth. Configured as 9 X 2 Bedroom units and 3 X 1 Bedroom 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 newly installed propane furnace. Building is well maintained and there is ample on-site parking, storage and shared laundry for use by the tenants. Priced at an 8.6% cap rate this is an attractive and performing asset whether you are just starting or adding to your investment portfolio. New Phase I ESA on file and it is assignable to buyers. Act now!​

Property Type:

  • 9-12 Unit
MLS® #:202005107
PID:00037093
Total Number of Units:12

Property Details

District13-Crichton Park, Albro Lake
Property sizeUnder 0.5 Acres
Number of stories2
Building age55
Exterior
  • Brick
  • Vinyl
Foundation
  • Concrete
  • Crawl
Roof
  • Other
Services
  • Electricity
  • Telephone
  • Bus Service
  • Cable
  • High Speed Internet
Flooring
  • Hardwood
  • Ceramic
  • Laminate
  • Other
Heating
  • Propane
  • Baseboard
  • Hot Water
  • Radiator
Features
  • See Remarks
  • Storage
  • Apt Conforming
Land features
  • Level
Rental equipment
  • Propane Tank
ParkingPaved, approx 14 spaces
Driveway
  • Paved
  • Multi
Garage type
  • None
Water
  • Municipal
Sewer
  • Municipal
ZoningHR-1
Title to landFreehold

Multi-Units

One Bedroom3
Two Bedroom9

Inclusions

Exclusions

​12 stoves, 12 refrigerators, 1 washer, 1 dryer

Stoves Included12
Fridges Included12
Washers Included1
Dryers Included1

Estimate Income

Rental income114072
Laundry income1060
Approximate total income115132
Approx net income77371

Estimated Expenses

Property tax7042Per Year
Insurance cost3600Per Year
Management cost1200Per Year
Electricity bill1718Per Year
Water and sewer cost4547Per Year
Snow and garbage cost3520Per Year
Maintenance cost2543Per Year
Heating bill13291Per Year
Other cost300Per Year
Total expenses37761Per Year

Who pays

HeatingOwner
ElectricTenant

Property Improvements

Boiler 2018, Roof 2016, 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 - Primrose - Robert Burns - Brule

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