Investment Opportunity in Glace Bay: Fully Rented, Well-Maintained Duplexes Discover a prime investment opportunity in Glace Bay with this meticulously maintained set of duplexes. Six units, five currently rented to long-term senior tenants, ensuring a steady income stream. The larger unit will be vacant. These properties offer a blend of modern amenities and convenient features that make them highly attractive to both tenants and investors. Minutes from Dominion beach and Big Glace Bay beach. **Main Unit at 16 Karls: Large Family Room & Modern Garage** - The main unit boasts an impressive 28x30 add-on, large gathering room is south facing to capture sunlight from dawn till dusk with 3 oversized rooms. - Below, a newly spray-foam insulated 28x30 ft garage with a sleek epoxy floor, ideal for motorcycle and ATV enthusiasts or additional storage. **Comfort and Convenience** - Six dedicated paved driveways allow the option to rent units by the bedroom, maximizing cash flow potential. - A bus stop directly across the street and a short 13-minute drive to Cape Breton University enhance accessibility. - Children can easily commute to local schools. **Recent Upgrades and Enhancements** - New front steps and fully landscaped surroundings for each unit. - A brand-new firepit area for community gatherings. - A beautiful fenced-in backyard area at 16 Karls, perfect for young children and pets. - A concrete patio under the deck at 16 Karls for outdoor relaxation. **Storage Solutions** - Each unit comes with a dedicated storage unit. - The main unit at 16 Karls includes a new shed, ideal for storing a lawn tractor and gardening tools. **Community and Lifestyle** - Enjoy peace of mind with long-term, reliable tenants who value the well-maintained living spaces. Whether you're an investor looking to expand your portfolio or a homeowner seeking a multi-family property with income potential, these duplexes offer unmatched value in a thriving community. If 16 Karls
Listing Sub-Area:
203-Glace Bay
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
28 x 28 and 28 x 56
Lot Size:
1.133 acre(s)0.459 hectare(s)
Prop Size:
0.5 to 0.99 Acres
# of Rental Units / Occupied:
6
Year built:
19
(Age: 2,005)
Age:
2005
Exterior Finish:
Vinyl
Foundation:
Concrete
New Constr.:
No
Basement:
Crawl Space
Floor Finish:
Ceramic, Hardwood, Laminate
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking Description:
Paved Driveway each building
Driveway:
Multiple Driveways, Paved
Water Supply:
Municipal
Water And Sewage:
1785.00
Sewer:
Municipal
Num Units:
6
Num 2 Bed Units:
5
Num 3 Bed Units:
1
# Of Fridges:
6
# Of Stoves:
6
Rental Income:
Yes, 77,100.00
Approx. Net Income:
64,474.69
Insurance Expense:
4,308.00
Taxes Costs:
6,532.31
Heating Bill:
Tenant
Electricity Bill:
Tenant
Approx. Total Income:
77,100.00
6 fridges and 6 stoves
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Ski Hill, Marina, Place of Worship, Beach
Data was last updated July 1, 2024 at 01:20 AM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$280,000
Min list price:
$89,900
Max list price:
$2,350,000
Avg days on market:
31
Min days on market:
3
Max days on market:
297
These statistics are generated based on the current listing's property type
and located in
Cape Breton. Average values are
derived using median calculations.