If you're looking for a well-maintained investment property that offers a stress-free experience and strong cash flow, this triplex would be an excellent addition to your portfolio. The current condition is already superb, but features like four power meters, three water tanks, in-unit laundry for each unit, a spacious and flat backyard, designated parking spaces for all units, and a detached double garage with workshop for the owner's tools, make this property even more appealing. Additionally, if you want to increase your returns and property value, this triplex provides the perfect canvas for the new owner's dreams, offering opportunities for upgrades such as replacing the heating system and making cosmetic improvements to each unit. Don't miss this rare opportunity.
Main to Willet to Melrose
Listing Sub-Area:
6-Fairview
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
40x28
Lot Size:
8,481 sq. ft.788 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
2
Year built:
1952
(Age: 73)
Age:
72
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed, Walkout
Floor Finish:
Ceramic, Hardwood, Linoleum
Roof:
Tar/Gravel
Heating:
Baseboard, Furnace, Hot Water, Radiator
Fuel:
Oil
Garage Description:
Detached double garage.
Parking:
Yes
Parking Description:
Paved.
Driveway:
Paved
Water Supply:
Municipal
Water And Sewage:
$1,477
Sewer:
Municipal
Num Units:
3
Num 2 Bed Units:
1
Num 3 Bed Units:
2
# Of Dryers:
3
# Of Fridges:
3
# Of Stoves:
3
# Of Washers:
3
Rental Income:
Yes, $77,280
Approx. Net Income:
$59,846
Insurance Expense:
$2,500
Taxes Costs:
$5,812
Maintenace:
500.0
Heating Bill:
$6,665
Electricity Bill:
$480
Approx. Total Expense:
$17,434
Approx. Total Income:
$77,280
Cable, Heat/Air Exchange, Power, Telephone
Golf Course, Park, Playground, Public Transit, School Bus Service, Shopping, Place of Worship
Data was last updated January 23, 2025 at 05:20 PM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$899,450
Min list price:
$379,900
Max list price:
$7,500,000
Avg days on market:
49
Min days on market:
1
Max days on market:
700
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.