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Real Estate Company
37 Martin Lake Drive, Lake Echo, NS B3E 1B3
- $969,000
- 16
- BD
- List Price
- $969,000
- Price Change
- ▼ $30,000 1790378317
- Status
- ACTIVE
- MLS#
- 202616349
- Bedrooms
- 16
- Year Built
- 1972
Property Description
RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.5% 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 $63,339.33 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available.
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Additional Information
- Area
- Halifax - Dartmouth
- Stories
- 2
- Features
- Locker, See Remarks, Storage
- Flooring
- Laminate
- Exterior Finish
- Stucco, Vinyl Siding
- Roof
- Asphalt
- Sewer
- Septic Tank
- Elementary School
- Bell Park Academic Centre
- Middle School
- Graham Creighton Junior High School
- High School
- Auburn Drive High School
- Appliances
- Stove, Dryer, Washer, Refrigerator
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Listing courtesy of RE/MAX Nova (Halifax).