11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202407075
11 Melwood Avenue Halifax B3N 1E4 : 8-Armdale/Purcell's Cove/Herring
- $1,197,000
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202407075
- Status:
- Active
Take note investors, here is a great revenue stream that is extremely easy to rent. This property borders on Chocolate Lake Park & Beach. With easy access through the backyard to the park, beach, playground and basketball courts you can see why this is such a desirable location. The property consists of three 3-bedroom apartments and one bachelor loft apartment. Renovations have been completed on the 3-bedroom apartments within the last few years. The top floor bachelor apartment had a rear deck added with a great view of Chocolate Lake. There is also a coin operated laundry room on site.
- Listing Sub-Area:
- 8-Armdale/Purcell's Cove/Herring
- Property Type:
- Multi-Family
- Multi-Family Type:
- Fourplex
- Title To Land:
- Freehold
- Building Dimenions:
- 41.5 x 33.6 +jog
- Lot Size:
7,200 sq. ft.
- Prop Size:
- Under 0.5 Acres
- # of Rental Units / Occupied:
- 4
- Exterior Finish:
- Vinyl
- Foundation:
- Concrete
- Basement:
- Fully Developed
- Floor Finish:
- Hardwood, Laminate, Tile
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard, Hot Water
- Fuel:
- Oil
- Parking:
- Yes
- Parking Description:
- Paved parking area.
- Driveway:
- Parking Spaces(s), Paved
- Water Supply:
- Municipal
- Water And Sewage:
- 2328.64
- Sewer:
- Municipal
- Num Units:
- 4
- Num Bachelor Units:
- 1
- Num 3 Bed Units:
- 3
- # Of Dishwashers:
- 3
- # Of Dryers:
- 1
- # Of Fridges:
- 4
- # Of Stoves:
- 4
- # Of Washers:
- 1
- Rental Income:
- Yes, 73,431.00
- Laundry Income:
- 3600.00
- Approx. Net Income:
- 49,721.84
- Insurance Expense:
- 2734.00
- Taxes Costs:
- 5748.03
- Maintenace:
- 6755.87
- Heating Bill:
- 8533.48
- Electricity Bill:
- 1209.14
- Approx. Total Expense:
- 27,309.16
- Approx. Total Income:
- 77,031.00
- 4 stoves, 4 fridges, 3 dishwashers, coin operated washer, coin operated dryer.
- Tenants' belongings
- Golf Course, Park, Playground, Public Transit, Recreation Center, Shopping, Marina, Place of Worship
- Stove, Dishwasher, Dryer, Washer, Refrigerator
- None
- Deck
- No
- Zoning:
- R-2 - RESIDENTIAL MEDIUM DENISTY
- Possession Info:
- Negotiable
- Elementary School:
- Springvale Elementary School
- French Imm Elementary School:
- St Catherine's Elementary School
- French Imm High School:
- Citadel High School
- French Imm Middle School:
- Oxford School
- High School:
- Citadel High School
- Middle School:
- St Agnes Junior High School
- Listed Date:
- Apr 13, 2024
- Days on Mkt:
- 253
Listed by Keller Williams Select Realty
Data was last updated December 22, 2024 at 11:20 AM (UTC)