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25 Dominion St

Truro, NS, B2N 3N9
MLS® #: 201828243
Bruce Berry, RE/MAX Fairlane Realty Inc

$595,000

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Est. Mortgage $2699.09/mo  i

N/A bed|N/A full bath|N/A half bath|N/A sqft

Date Listed: Mon, Aug 27, 2018

Property Tax: N/A

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25 Dominion St

Truro, NS, B2N 3N9

$595,000

N/A bed|N/A full bath|N/A half bath|N/A sqft

Monthly Mortgage Payment: $2699.09

MLS® #: 201828243
Bruce Berry, RE/MAX Fairlane Realty Inc

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Property Description

Serious investors are invited to consider this recently upgraded 14 unit apartment building at the heart of Truro’s downtown core. With the aid of a forgivable & transferable second mortgage five years ago from Community Services, the owners contracted with Global Construction to make many major improvements to the property. These included new siding, new roof, new windows, new bathrooms, fireproof apartment doors, new fire alarm system & fire escape, new electrical improvements & installation of additional support to the floors and exterior walls. A separate entrance to the basement was added, as was a security foyer for the tenants & their guests. There is a live-in building superintendent who handles the day to day activities, collects & deposits the rents, maintains the cosmetic appearance of the exterior & supervises the tenant activities to ensure a quiet, peaceful environment. There is paved parking for at least 7 vehicles & an adjacent public parking lot for guests. All of the 14 units are one bedroom apartments, including an accessible unit at the rear of the building. It is a low-income facility & is 100% occupied at the time of listing. All apts have a fridge & stove & there is a secure laundry room at the back, currently not in use at the time of listing. The heating is by oil hot water furnace &a new fibreglass tank has just been added in the last few months. The breakdown of the income & expense figures is an average of the past two years figures. In order to avoid fruitless disruptions to the tenants & superintendent, viewings of the building interior & details regarding the Community Services RAP program arrangement are only available to qualified buyers after a confidentiality agreement & proof of financial capacity for the necessary downpayment has been received by the listing agent from a buyer or their agent. A representative of the buildings owner would also like to be present for any viewings.

Details

Property Type: Multi-Family
Property Tax: N/A
Fees: N/A
Last Updated: Fri, April 05, 2019
Documents On File: Deed, Leases, Other Documents, See Instr. To Members
SaleOrRent: For Sale
Title: Freehold

Key Facts

MLS® #: 201828243
Ownership-Type: N/A
Year Built: N/A
sqft: N/A
Date Listed: Aug 27, 2018
Lot Size: N/A
Occupancy: N/A
Type: Over 12 Units
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RE/MAX FAIRLANE REALTY

Truro, NS

|

(902) 890-7090

PH: (902) 890-7090

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Data was last updated Friday, April 5, 2019 at 4:52:58 AM
Agent's profile picture

RE/MAX FAIRLANE REALTY

Truro, NS

|

(902) 890-7090

PH: (902) 890-7090

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