Multi-Residential Portfolio

Listing Details

Multi-Residential Portfolio

$8,295,000

A great opportunity to purchase an income portfolio with low vacancy in Dartmouth, NS. Potential for rental increase, as all units are rented below market compared to Dartmouth South average. Many unit and building upgrades have been completed in recent years. Portfolio to be sold as single package.

33 Hastings Drive, Dartmouth
6 Prince Arthur Avenue, Dartmouth
53/56/60/60A/62 Gaston Road, Dartmouth

Total Units: 101 units

Average Rent:

  • Bachelor: $588/month
  • 1 Bedroom: $682/month
  • 2 Bedroom: $745/month
  • 3 Bedroom: $819/month
  • 4 Bedroom: $1,075/month

Unit Count:

  • Bachelor: 3 units
  • 1 Bedroom: 52 units
  • 2 Bedroom: 37 units
  • 3 Bedroom: 7 units
  • 4 Bedroom: 2 units

Total NOI: $563,584/year

CAP Rate: 6.8%

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