37 Martin Lake Drive, Lake Echo, Nova Scotia

$969,000

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Overview
Facts & Features
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About 37 Martin Lake Drive

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. (id:6289)

Multi-family property for sale in Lake Echo, Nova Scotia at 37 Martin Lake Drive.

Features of 37 Martin Lake Drive

Listing #	202616349
Price	$969,000
Bathrooms	0.00
Year Built	1972
Type	Multi-family
Sub-Type	Fourplex

Community Information: Lake Echo

Address	37 Martin Lake Drive
Area	Lake Echo
Subdivision	Lake Echo
City	Lake Echo
Province	Nova Scotia
Postal Code	B3E1B3

Amenities of 37 Martin Lake Drive

Amenities	Park, Playground, Public Transit, Place of Worship, Beach, Storage - Locker
Features	Balcony
Parking	Gravel, Parking Space(s)
Is Waterfront	No
Has Pool	No

Interior of 37 Martin Lake Drive

Appliances	Stove, Dryer, Washer, Refrigerator
Heating	Oil Baseboard heaters
Fireplace	No
Has Basement	No

Exterior of 37 Martin Lake Drive

Exterior	Stucco, Vinyl
Foundation	Concrete Slab

Listing Details

Office	RE/MAX Nova (Halifax)

Listing Map

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