7 Wallace Street, Dartmouth, NS (MLS® 201903207)
7 Wallace Street, Dartmouth (MLS® 201903207 ) Triplex with zoned R2 with positive cash flow! Cap Rate is 6.8. This triplex is fully rented. 2 three bedroom, 1 bath units rent for $975.00 and 1 two bedroom 1 bath unit rents for $950.00. Halls recently renovated, paint, lights, some flooring. Laundry room in the basement with 1 washer, 1 dryer, settee tub. Units are carpet free. All tenants want to remain and are in yearly leases. Current owner allows pets (cats and dogs) Tenants responsible for garbage removal, snow removal, yard maintenance. Building is heated with hot water baseboard heating, outside fibreglass tank. Landlord pays all utilities but there are 4 power meters in place one for each unit and one for the common areas. There is one driveway. can park 2 cars but currently only one tenant has a vehicle.
Inclusions: 3 stoves, 3 fridges, 1 washer, 1 dryer
Listing Courtesy of: Royal LePage Anchor Realty