Menu
354-356 And 366 Lincoln Street Kingston, Nova Scotia B0P 1R0
Acreage
$5,525,000
354, 356 and 366 Lincoln Street offers an investment opportunity to own a 3 building / 34 unit apartment project located in Kingston, NS just minutes of Hwy 101. Unit mix: 2 x 1 Bdrm, 22 x 2 Bdrm with 2 appliances and 10 x 2 Bdrm with 5 appliances. Majority units have balconies. Attractively landscaped with good curb appeal. Buildings are in very good overall condition. The two front buildings are 3 levels with 12 units each that were built in 1989 and 1990. The rear building is a 2 level 10 unit that was completed in 2011. Mature tenant base. Current rents are under valued. Opportunity to raise rents to market as units turnover. Buildings are highly efficient with minimal common area. Electric baseboard heat and air exchange in new building. Low operating costs. Treat financing as clear. Current income is reflective of a 6.0 cap rate. (id:40687)
Property Details
| MLS® Number | 202409063 |
| Property Type | Multi-family |
| Community Name | Kingston |
| Amenities Near By | Park, Playground, Public Transit, Shopping |
| Structure | Shed |
Building
| Appliances | Range, Dryer, Washer, Refrigerator |
| Constructed Date | 1990 |
| Flooring Type | Carpeted, Hardwood |
| Foundation Type | Concrete Perimeter |
| Type | Apartment |
| Utility Water | Drilled Well |
Parking
| Parking Space(s) | |
| Shared |
Land
| Acreage | Yes |
| Land Amenities | Park, Playground, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Irregular | 2.17 |
| Size Total | 2.17 Ac |
| Size Total Text | 2.17 Ac |
Utilities
| Cable Available | Unknown |
https://www.realtor.ca/real-estate/26834649/354-356-and-366-lincoln-street-kingston-kingston
Interested?
Contact us for more information
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Nova Scotia Association of REALTORS®
Keller Williams Select Realty (Halifax)
May 02 2024 03:56:05
