- Multi Family
Overview of 37 Martin Lake Drive, Lake Echo, NS (MLS® 202616349)
37 Martin Lake Drive, Lake Echo, NS (MLS 202616349): RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.0% going-in capitalization rate at the asking price. The property includes four 2-bedroom apartments, established tenants, commercial-grade laundry and a newly constructed four-unit storage building. More than $212,000 has been invested in capital improvements and major building upgrades since 2022, including a new Ecoflo septic system, drainage management system, well equipment, bathroom renovations, commercial laundry equipment, insulation, exterior doors and other significant improvements. The result is an income-producing multifamily property with substantial infrastructure work already completed and approximately $58,149 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available.
Listing Courtesy of: RE/MAX Nova (Halifax)
Description
Highway 107 to exit 18, right on Hwy 7 left on Martin Lake Drive, property is on the right.
Inclusions & Exclusions
Inclusions: 4 fridges, 4 stoves, 1 commercial washing machine, 1 commercial dryer, lawn mower, salt spreader
