37 Martin Lake Dr, Lake Echo, NS

House

For Sale

Listed price in listed location currency (CAD).

$969,000

1600

MLS® 202616349

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage

Taxes

Days Active 109

Lot Size

Approx. Age 1972

MLS® Number 202616349

Property Address: 37 Martin Lake Dr, Lake Echo, NS, B3E1B3

Average square foot calculated using Size range provided by listing agent.

Description

RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.0% 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 $58, 149 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available.

MLS® Number202616349

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1972

BasementNone

DrivewayGravel, Parking Spaces(s)

Garage Spaces

HeatBaseboard

A/C

Extras

4 Fridges, 4 Stoves, 1 Commercial Washing Machine, 1 Commercial Dryer, Lawn Mower, Salt Spreader

Map

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