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54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street 54 54 Primrose Street

54 Primrose Street, Dartmouth

Price: $ 955000

Description

​Fantastic investment opportunity to purchase a fully occupied and legal 12 unit apartment building in Dartmouth. Configured as 12 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 natural gas furnace. Building is well maintained and with walk up access to units there are no common areas to maintain. There is ample on-site parking and shared laundry for use by the tenants. Priced at a 6.9% cap rate this is an attractive and performing asset. New Phase I ESA on file and it is assignable buyers. Act now!

Property Type:

  • 9-12 Unit
HST:No
MLS® #:202005109
PID:00056143
Total Number of Units:12

Property Details

District13-Crichton Park, Albro Lake
Property sizeUnder 0.5 Acres
Number of stories2
Building age55
Exterior
  • Brick
  • Wood
Foundation
  • Concrete
Roof
  • Other
Services
  • Electricity
  • Telephone
  • Bus Service
  • Cable
  • High Speed Internet
Flooring
  • Carpet
  • Cushion/Lino
  • Hardwood
  • Ceramic
  • Laminate
Heating
  • Natural Gas
  • Baseboard
  • Hot Water
  • Radiator
Features
  • See Remarks
  • Apt Conforming
Land features
  • Level
Rental equipment
  • None
ParkingApprox. 8 spaces
Driveway
  • Paved
  • Multi
Garage type
  • None
Water
  • Municipal
Sewer
  • Municipal
ZoningR-1M
Title to landFreehold

Multi-Units

One Bedroom12

Inclusions

Stoves Included12
Fridges Included12
Washers Included1
Washers Included1

Estimate Income

Rental income101152
Laundry income1260
Approximate total income102412
Approx net income66253

Estimated Expenses

Insurance cost3200Per Year
Management cost1800Per Year
Electricity bill1610Per Year
Water and sewer cost5007Per Year
Other cost300Per Year
Heating bill12349Per Year
Maintenance cost1680Per Year
Property tax6444Per Year
Snow and garbage cost3769Per Year
Total expenses36159Per Year

Who pays

ElectricTenant
HeatingOwner

Property Improvements

Natural gas boiler 2014, 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 Road to Primrose

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