Description
Turn-key 4-unit income property in a central New Glasgow location, just minutes from downtown amenities, shopping, restaurants, and transit. This well-maintained building includes four self-contained units two 1-bedroom units and two 2-bedroom unit all on fixed-term leases. Each unit has electric baseboard heat, with tenants responsible for their own utilities, helping keep operating costs low. The property is clean, well cared for, and efficiently managed, making it a solid, low-maintenance investment. It currently operates with a positive cash flow. Once the fourth unit is fully rented, the income increases significantly, bringing the cap rate up without the need for major renovations or upgrades. Central location near downtown New Glasgow Strong income today with clear upside Turn-key multi-unit investment A great opportunity for investors looking for steady cash flow now and stronger returns ahead. (id:56844)
- ID:
- 202601445
- Category:
- Multi-family
- Status:
- Active
- Lot:
- 0.1069 acres
- MLS® Number:
- 202601445
- Common Interest
- Freehold
- Parcel Number:
- 00940114
- Building Type:
- Fourplex
- Community Name:
- New Glasgow
- Days On Market:
- 36
- School Bus
- Recreational Facilities
- Refrigerator
- Oven - Electric
- Stone
- Block
- Wood shingles
- Vinyl
- Hardwood
- Laminate
- Vinyl
- Gravel
- Fourplex
- Municipal water
- Municipal sewage system
Inquire Today
Dawn Magee
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