354-356 And 366 Lincoln Street, Kingston, Nova Scotia - For Sale $5,525,000

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$5,525,000

For Sale

Over 12 Units 34 Units Occupied 94,525 sqft. (2.2 acres)

354-356 And 366 Lincoln Street, Kingston 6 photos

Type

Over 12 Units

Units Occupied

Units Available

Age

Est. Mortgage

Calculating..

Price/Sq. Ft.

N/A

2024 Assessment & Tax

$2,181,100 $18,605

Lot Size

94,525 sqft (2.2 acres)

Listing History

First listing event

Historical Assessment

9% increase (2020-2024)

Has Garage

Land Registry Records

19 (1950 - 2011)

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Prov. Owner(s)

District

Subdistrict

Postal Code

B0P 1R0

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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... 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. Read More

Listing ID: 202409063 PID: 55085708

Listing History

Public Record Sales 0 records

Taxes/Assessment History

Details

PID:55085708

Type:Over 12 Units

Units Occupied:34

1 Bedroom Units:2

2 Bedroom Units:32

Building Dimensions:-

Age:34

Listing Parcel Size:94,525 sqft (2.2 acres)

Prov. Parcel Size:94,525 sqft (2.2 acres)

Assessed At:$2,181,100 (2024)

Has Garage:No

Parking:60 paved surface parking spaces.

Waterfront:No

Appliances Incl.:Dryer, Range, Refrigerator, Washer

Inclusions:N/A

Exclusions:N/A

Listed By:Keller Williams Select Realty (branch)

Has PCDS:No

Betterment Charges:N/A

Bank Owned:No

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