This other listing located at 140 Riverside Avenue, Stewiacke is currently for sale and has been available on Zolo.ca for 4 days. Competitive cap, amazing location, an excellent property management company already in place if new owners desire, transition to ownership couldn't be easier. So don't miss out on this turn-key opportunity. Rents are currently very competitive with room for future growth. New developments nearby are an excellent indication of what's to come. With multiple applicants any time a unit becomes available and exceptional rental history, there's no shortage of people looking to rent in this area. Ensuring immediate, consistent income while still leaving plenty of options for upside and any future changes new owners desire. And speaking of flexibility, 5 of the units are currently on fixed-term leases, the longest of which expiring in April 2024. All providing plenty of flexibility for a new owner to be as hands-on or as hands- off as they'd like. Property itself is fully managed by an excellent property management company who are happy to stay on if new owners so desire. New owners have the option to continue the existing arrangement (coin machine revenue is split 50/50) or to simply install/manage your own machines. Property features a community laundry room, with appliances currently owned & maintained by a 3rd-party company. Walking distance to all amenities - groceries, library, community center, parks, 5-minute drive from NSLC and Hwy 102 - the perfect home for families and individuals alike. 7 spacious 2-bedroom units and 1 cozy 1-bedroom. 6 units currently paying their own utilities. 6 of the 8 units had extensive work and the other 2 units had minor updates. Wood & brick construction, w/ over $140,000 in recent renos done. Super clean, 8-unit, 2-storey apartment in the heart of Stewiacke, 5 lots down from the Shubenacadie River. Turn-key, multi-family residential opportunity.
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