An exciting opportunity for both investors and first-time buyers, this property features a duplex and a detached single-family home on the same lot, right in the heart of town. It's ideal for buyers who want to live in one unit while renting out the others to help cover expenses, or for investors looking to add a solid income-producing property to their portfolio. The property is currently generating $5,080 per month in rental income. Unit 260 is a one-bedroom rented for $1,400 per month on a fixed-term lease. Unit 262 is a three-bedroom unit renting for $1,640 per month, also on a fixed-term lease. Unit 266 is a three-bedroom detached home bringing in $2,040 per month on a month-to-month lease with a three-month notice. All tenants pay their own utilities except for water. Located within walking distance to everything in town, this property also offers ample parking around back, which is a rare find in this area. The buildings are structurally sound and currently cash flowing, giving you the flexibility to make cosmetic updates over time without urgency. This is a smart investment in a strong rental market with room to grow. (id:4069)
Address
260 Gerrish Street
List Price
$519,000
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Windsor
Lot Size
0.1389 Sq. Ft.
MLS® Number
202528912
Listing Brokerage
EXP Realty of Canada Inc.
Postal Code
B0N2T0
