Description
Solid investment opportunity in downtown New Glasgow. This updated 5-unit property at 220 James St. currently offers an 10.1% cap rate, and up to 14.4% at market rents. Just minutes from the Aberdeen Hospital and all amenities, the property includes 2- bachelor units and 3- one-bedroom units perfect for investors or owner-occupants looking to live in one unit and have the others cover the mortgage - live rent free! Recent updates include new flooring in the common areas (2025), a new propane boiler (2025), fresh paint in Units 3 and 4 as well as shared spaces, a rebuilt overhang above the basement stairs, and new front steps with improved fire escape railings. Located close to amenities in the heart of town. A great addition to any portfolio or a smart first step into real estate investment. (id:56844)
- ID:
- 202510039
- Category:
- Multi-family
- Status:
- Active
- Lot:
- 0.3772 acres
- MLS® Number:
- 202510039
- Common Interest
- Freehold
- Parcel Number:
- 00940361
- Building Type:
- Apartment
- Community Name:
- New Glasgow
- Days On Market:
- 253
- Washer
- Refrigerator
- Stove
- Dryer
- Stone
- Concrete Perimeter
- Unfinished
- Full
- Vinyl
- Aluminum siding
- Hardwood
- Laminate
- Linoleum
- Parking Space(s)
- Gravel
- Apartment
- Municipal water
- Municipal sewage system
Inquire Today
Dawn Magee
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