Property Details

354-356 and 366 Lincoln Street, Kingston, Nova Scotia, B0P1R0

354-356 and 366 Lincoln Street, Kingston, Nova Scotia, B0P1R0 (ID 202409063)
Representative
Sandra MacNeil portrait
Sandra MacNeil

EXIT Realty Inter Lake - Bridgewater
Cell: (902) 521-7414
Tel: (902) 543-7642

$5,525,000 - For sale

ID#:202409063

354, 356 and 366 Lincoln Street offers an investment opportunity to own a 3 building / 34 unit apartment project located in Kingston, NS just minutes of Hwy 101. Unit mix: 2 x 1 Bdrm, 22 x 2 Bdrm with 2 appliances and 10 x 2 Bdrm with 5 appliances. Majority units have balconies. Attractively landscaped with good curb appeal. Buildings are in very good overall condition. The two front buildings are 3 levels with 12 units each that were built in 1989 and 1990. The rear building is a 2 level 10 unit that was completed in 2011. Mature tenant base. Current rents are under valued. Opportunity to raise rents to market as units turnover. Buildings are highly efficient with minimal common area. Electric baseboard heat and air exchange in new building. Low operating costs. Treat financing as clear. Current income is reflective of a 6.0 cap rate. (id:2471)

Location DescriptionLincoln Street is located between Marshall Road and Westwood Street in Kingston, NS.

Property Details
  • Property Address:354-356 and 366 Lincoln Street, Kingston, Nova Scotia, B0P1R0
  • Property Type:Multi-family
  • Community Name:Kingston
  • Title:Freehold
  • Lot Size:2.17 ac
  • Sewage Type:Municipal sewage system
  • Water Type:Drilled Well
  • Driveway:Parking Space(s), Shared
Structure Details for 354-356 and 366 Lincoln Street, Kingston, Nova Scotia, B0P1R0
  • Structure Style:Apartment
  • Building Age:1990
  • Flooring:Carpeted, Hardwood
  • Foundation Type:Concrete Perimeter
  • Appliances Included:Range, Dryer, Washer, Refrigerator
Amenities for 354-356 and 366 Lincoln Street, Kingston, Nova Scotia, B0P1R0
  • Amenities Nearby:Park, Playground, Public Transit, Shopping
Representative
Sandra MacNeil portrait
Sandra MacNeil
Sales Representative/REALTOR®
EXIT Realty Inter Lake - Bridgewater
Cell: (902) 521-7414
Tel: (902) 543-7642
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354-356 and 366 Lincoln Street, Kingston, Nova Scotia, B0P1R0

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