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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,349,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Introducing a fantastic income property opportunity located in the heart of the Halifax Peninsula. This fourplex is situated in a highly sought-after location, close to the university, hospital, and a supermarket, making it an ideal choice for tenants seeking convenience and accessibility. The property consists of four well-maintained units, with three one-bedroom apartments and one spacious three-bedroom unit. Each unit is designed to offer comfortable living spaces and is fully rented all year round, ensuring a steady and reliable stream of income for the owner. The three one-bedroom units are perfect for students, young professionals, or couples looking for a cozy and affordable place to call home. These units feature open-concept layouts, modern kitchens equipped with essential appliances, comfortable bedrooms, and well-appointed bathrooms. Each unit also includes ample storage space and large windows that fill the rooms with natural light. The highlight of this fourplex is the three-bedroom unit, which offers a spacious and inviting living environment. With its generous square footage, this unit is ideal for families or professionals seeking more space. The unit features a fully equipped kitchen with modern appliances, a comfortable living room, three well-sized bedrooms, and two bathrooms. It provides an excellent opportunity for higher rental income due to its size and desirability. The location of this income property is truly unbeatable. Situated in the heart of the Halifax Peninsula, tenants will enjoy the convenience of living within walking distance of the university, hospital, and a well-stocked supermarket. The area is also surrounded by a variety of amenities, including restaurants, cafes, parks, and shops, ensuring tenants have everything they need within easy reach. Investing in this fully rented fourplex not only provides immediate cash flow but also promises excellent long-term potential. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
5639 Morris Street
Postal Code
B3J1C4
Location Highlights
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Listed by
RE/MAX Nova Nova Scotia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,349,900
Asking Price
$1,349,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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