22 Lynnett Road, Halifax, NS, B3R 1H5 (MLS® 201725725)

  • 5-8 Units
  • 0 ft2
MLS®: 201725725
Active $359,900

Description

22 Lynnett Road, Halifax (MLS® 201725725): Great turn key 6 units investment property selling right beside our other sister property for sale as well separately at 22A Lynnett Rd. (both with a solid management in place requiring minimal attention from ownership). Check the Income Statement and decent Cap Rate yourself. A property with good tenants and at this price a real deal for the Investor that wish to build cash flow and Real Estate wealth. Rents were all increased over the last 6 years of ownership. Windows are about 6 years old and some of the renovations done are including but not limited to: outside painting of building for the bricks and siding, all units have been upgraded floors from carpet to laminate 12 mm and half units with ceramic in the kitchen and bathrooms/new baths (while others have been upgraded to linoleum in bathrooms and kitchen), new light fixtures, painting inside all hallways and more. Roof will need to be addressed with 2 to 4 years. Owners are proud of their tenants and in good mutual terms and the management in place allow ownership to work on their business/MSI and not in their business. (Listing Courtesy of: Century 21 Trident Realty Ltd.)

More details at: 22 Lynnett Road, Halifax (MLS® 201725725)

 

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