Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Basement
- None
- Year Built
- 1972
+31 more
1972
Year Built
Property Snapshot
Key details for this listing
MLS #202616349
Costs
Price, taxes and monthly charges
- List Price
- $969,000
- Days on Market
About This Property
This multi-family in Lake Echo is available for your consideration. Built in 1972. The home features laminate flooring, baseboard heaters, oil heating, a none basement.
MLS Remarks
RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.0% going-in capitalization rate at the asking price. The property includes four 2-bedroom apartments, established tenants, commercial-grade laundry and a newly constructed four-unit storage building. More than $212,000 has been invested in capital improvements and major building upgrades since 2022, including a new Ecoflo septic system, drainage management system, well equipment, bathroom renovations, commercial laundry equipment, insulation, exterior doors and other significant improvements. The result is an income-producing multifamily property with substantial infrastructure work already completed and approximately $58,149 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available. (id:60351)
Full Listing Details
Address37 Martin Lake Drive
MLS#202616349
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market115
Common InterestFreehold
Parking TypeParking Space(s), Gravel
Structure TypeFourplex
AttachedAttached
StyleMultiplex
Year Built1972
Building FeaturesStorage - Locker
CityLake Echo
ProvinceNova Scotia
Postal CodeB3E1B3
Lot FeaturesBalcony
Parking FeaturesParking Space(s), Gravel
HeatingBaseboard heaters, Oil
BasementNone
FlooringLaminate
FoundationConcrete Slab
AppliancesWasher, Refrigerator, Stove, Dryer
ExteriorStucco, Vinyl
CommunitySchool Bus, Recreational Facilities
SewerSeptic System
Water SourceDrilled Well
Highway 107 to exit 18, right on Hwy 7 left on Martin Lake Drive, property is on the right.
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