100 York Street Sydney, Nova Scotia B1P 6B4
$625,000
Turnkey 6-Unit Apartment Building Prime Location Near Downtown & Campus This solid 6-unit apartment building offers an excellent investment opportunity in a high-demand rental area. Currently, 5 of the 6 units are rented, generating consistent income. The property has seen several updates over the years, including a new roof approximately 10 years ago, electrical upgrades, newer fixtures, fresh paint in some units, and updated flooring in select areas. Each apartment is spacious and well-suited for long-term tenants or student renters, close to schools, making this a smart choice for both new and seasoned investors. Key Financials: Gross Annual Revenue: $74,604.00 Current Revenue: $43,751.00 Annual Expenses: $30,852.36 Net Income: Approximately $46,000 per year Located close to the downtown core, the new campus, public transit, shops, and the waterfront, this property is ideally positioned to attract tenants year-round. With continued appeal to students and young professionals, vacancy rates remain low and rental demand high. Don't miss this opportunity to own a well-performing income property in a growing and vibrant neighborhood. (id:40687)
Property Details
| MLS® Number | 202512936 |
| Property Type | Multi-family |
| Community Name | Sydney |
| Amenities Near By | Park, Playground, Public Transit, Shopping, Place Of Worship |
Building
| Basement Type | Crawl Space |
| Constructed Date | 1950 |
| Exterior Finish | Aluminum Siding |
| Flooring Type | Laminate |
| Foundation Type | Concrete Perimeter |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Gravel |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Public Transit, Shopping, Place Of Worship |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.1212 |
| Size Total | 0.1212 Ac |
| Size Total Text | 0.1212 Ac |
https://www.realtor.ca/real-estate/28393511/100-york-street-sydney-sydney
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June 04 2025 08:06:02
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