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2344 Hunter Street in Halifax: 1-Halifax Central Multi-Family for sale (Halifax-Dartmouth) : MLS®# 201909435

2344 Hunter Street Halifax B3K 4V5 : 1-Halifax Central

Main Photo: 2344 Hunter Street in Halifax: 1-Halifax Central Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 201909435
$5,900,000
Prop. Type:
Multi-Family
MLS® Num:
201909435
Status:
Pending
Year Built:
1977
Substantial investment opportunity on Hunter Street in central Halifax Peninsula. Includes 2 properties with a total of 31 rental units. The mix included 4 x 3 bedroom townhouses (on PID 40682007) plus 12 bachelor, 9 x 1 bedroom, and 9 x 2 bedroom units in second building on PID 40682015. Properties are well maintained and feature 32 parking spaces (15 underground). Upgrades in last 10 years include conversion to natural gas boilers for heating, roofs, balconies and windows. Units are separately metered so tenants pay electricity. Note the age of 2344 Hunter is 42 years and the age of townhouses at 2346 to 2352 Hunter is 24 years. Call for a full package of information. See further details under Docs tab
Hunter runs between Charles and Cunard near Windsor
Listing Sub-Area:
1-Halifax Central
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Lot Details:
15,958 + 6163 SF
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
31
Year built:
1977 (Age: 42)
Age:
42
# Floors:
3
Exterior Finish:
Brick, Vinyl
Foundation:
Concrete
Basement:
Partially Developed, Walkout, Full
Floor Finish:
Ceramic, Laminate, Vinyl, Other
Roof:
Other
Heating:
Baseboard, Hot Water
Fuel:
Natural Gas
Garage Description:
15 Underground parking spaces
Parking:
Yes
Parking Description:
32 Parking spaces (15 inside)
Driveway:
Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
13384
Sewer:
Municipal
Num Units:
31
Num Bachelor Units:
12
Num 1 Bed Units:
6
Num 2 Bed Units:
9
Num 3 Bed Units:
4
# Of Dishwashers:
19
# Of Dryers:
7
# Of Fridges:
31
# Of Stoves:
31
# Of Washers:
7
Rental Income:
425221
Laundry Income:
620
Other Income:
12429
Approx. Net Income:
275701
Insurance Expense:
7445
Taxes Costs:
46449
Other Costs:
6117 & 14800
Maintenace:
25600.0
Management expense:
17286
Heating Bill:
24785
Electricity Bill:
6093
Approx. Total Expense:
162569
Approx. Total Income:
438270
Apt Conforming, Balcony, Cable, Telephone
Public Transit, School Bus Service, Recreation Center, Shopping
Stove, Dishwasher, Dryer, Washer, Refrigerator
None
No
Lot X1 and Lot 11A
Zoning:
R2 & TBC
Possession Info:
Negotiable
Listed Date:
Days on Mkt:
Listed by RE/MAX Nova
Data was last updated September 20, 2019 at 03:20 AM (UTC)
COHEN MACINNIS