5562 & 5564 North Street

Description

Here's a unique opportunity... 2 separate buildings on one PID with three, 2 bedroom units under 500k! 5562 North St is a classic, victorian set of over/under flats with two, 2 bedroom, 1 bathroom units. Both units are large and have great character. 5564 North St is a free standing bungalow with 2 bedrooms and 1 bathroom. Both properties are easy to rent with very few vacancies. There's a shared backyard space for all units as well. This property is in the heart of Central Halifax and has easy access to all amenities with a great walk score and directly on numerous bus routes. Current rents: 5562 North St (Upper Unit $900 / Lower Unit $1100). 5564 North St (Bungalow Unit $1000). 5564 North pays their own NS Power, heat (electric baseboard) and hot water. 5562 North units pay their own NS Power and heat is paid by the owner (oil, forced air). Annual gross income is $36,000 and annual net income is currently $21,530 with tons of potential to grow!