13
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$625,000
Est. payment /mo
5,279 Sqft Lot
New
100 York Street Sydney, NS B1P6B4
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Sydney
MLS® Listing ID 202512936
Year Built 1950
Lot Size 5,279 Sqft
Acres 0.1212
Property Sub-Type Freehold
Source Nova Scotia Association of REALTORS®
Property Description
Turnkey 6-Unit Apartment Building Prime Location Near Downtown & Campus This solid 6-unit apartment building offers an excellent investment opportunity in a high-demand rental area. Currently, 5 of the 6 units are rented, generating consistent income. The property has seen several updates over the years, including a new roof approximately 10 years ago, electrical upgrades, newer fixtures, fresh paint in some units, and updated flooring in select areas. Each apartment is spacious and well-suited for long-term tenants or student renters, close to schools, making this a smart choice for both new and seasoned investors. Key Financials: Gross Annual Revenue: $74,604.00 Current Revenue: $43,751.00 Annual Expenses: $30,852.36 Net Income: Approximately $46,000 per year Located close to the downtown core, the new campus, public transit, shops, and the waterfront, this property is ideally positioned to attract tenants year-round. With continued appeal to students and young professionals, vacancy rates remain low and rental demand high. Don't miss this opportunity to own a well-performing income property in a growing and vibrant neighborhood. (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Flooring Laminate
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXP Realty of Canada Inc.