A pic from exterior of the house or condo for 354-356 and 366 Lincoln St, Kingston Nova Scotia B0P 1R0
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A pic from exterior of the house or condo for 354-356 and 366 Lincoln St, Kingston Nova Scotia B0P 1R0
17 Days on Market

354-356 and 366 Lincoln St, Kingston, Nova Scotia B0P 1R0

$5,525,000
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Townhouse
66
-
- sqft

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Highlights

Estimated Value$3,166,000*

Price/Sqft-

Days On Market17 days

Est. Mortgage$23,728/mth

Tax Amount ()-

*Last updated on: 24/05/18

Description

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.


Property Details

StyleOther
View-
Age of property1990
SqFt-
Lot Size-
Parking Spaces-
MLS ®Number202409063
Community NameKingston
Board NameNSAR

Features

Heating: Baseboard, Hot Water
Basement: Partially Finished

Property History

Now
Listed for$5,525,000
17 days on market
history photo preview6
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Property listed by Keller Williams Select Realty (Branch), Brokerage
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Estimated Budget

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