Overview
Description
Turnkey 6-Unit Apartment Building – Prime Location Near Downtown & Campus This solid 6-unit apartment building offers an excellent investment opportunity in a high-demand rental area. Currently, 5 of the 6 units are rented, generating consistent income. The property has seen several updates over the years, including a new roof approximately 10 years ago, electrical upgrades, newer fixtures, fresh paint in some units, and updated flooring in select areas. Each apartment is spacious and well-suited for long-term tenants or student renters, close to schools, making this a smart choice for both new and seasoned investors. Key Financials: Gross Annual Revenue: $74,604.00 Current Revenue: $43,751.00 Annual Expenses: $30,852.36 Net Income: Approximately $46,000 per year Located close to the downtown core, the new campus, public transit, shops, and the waterfront, this property is ideally positioned to attract tenants year-round. With continued appeal to students and young professionals, vacancy rates remain low and rental demand high. Don't miss this opportunity to own a well-performing income property in a growing and vibrant neighborhood.
Contact us about this listing & It's History
About Your Relator®
Jessica Mugford
Meet Jessica Mugford, a dynamic and enthusiastic Realtor® based in the heart of Sydney, NS. Born and raised in this picturesque coastal city, Jessica brings a deep-seated passion and a comprehensive understanding of the local market to her role. Her journey in real estate began at RE/MAX Park Place, where she served as an administrative professional specializing in contract review. This experience has provided her with invaluable insights into the industry, enhancing her expertise in managing real estate transactions with finesse.
Jessica's love for travel has broadened her perspective, allowing her to appreciate diverse lifestyles and housing needs, making her an ideal advisor for clients seeking to navigate the complexities of the real estate market. Coupled with her exceptional customer service skills, Jessica is committed to offering personalized and effective real estate solutions.
With deep rooted entrepreneurial ties to the community, Jessica has the foresight to recognize independent real estate opportunities, propose growth strategies and guide her clients through effective and efficient closing processes.
With Jessica Mugford, you can expect nothing less than a professional, tailored approach.
Phone: (902) 322-1684
Email: jessicamugford@remax.net
Office: Sydney
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Properties within the same area, priced within 20% of the listing will be evaluated on several key factors including the number of bathrooms, bedrooms, additional features, and price per square foot and several other factors. Using these comprehensive comparisons, we derive a Similarity Score to help you find the best match.Mortgage Calculator
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Property Details
| On Market Date | 2025-05-30T19:25:16.3 |
| Status | EXPIRED |
| Price | $625,000.00 |
| Year Built | 1950 |
| Neighborhood | Cape Breton |
| Location | Lat: 46.144438, Lng: -60.194971 |
| Square Feet | 0.00 |
| Lot Size | 5,280.00 |
| Heating | Furnace |
| Cooling | Furnace |
| Sewer | Municipal |
| Roof | Rolled |
| Flooring | Laminate |
| Lot Features | 5280 |
| Community Features | Park,Playground,Public Transit,Shopping,Place of Worship |
| Association Fee | 0.00 |
| Listing Office Name | 2225 |
| Listing Agent | Cheryl Vickers |
| Listing Agent Contact | cvickersrealestate@gmail.com |
| MLS® | 202512936 |
No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.