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34 Oxford Avenue, Sydney Mines, NS B1V 2J2
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$385,000
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Home Details for 34 Oxford Avenue
Price
$385,000
Type
Multi Family
Bedrooms
5
Year Build
1912
Lot Size
0.2059
County
Cape Breton
Basement
Crawl Space, Full, Partial, Unfinished
MLS®️ Listing#
202517467
On exitrealty.com
126 days
Property Description
34 Oxford Avenue, Sydney Mines Excellent Investment Opportunity – 5 Unit Income Property This well-maintained 5-unit building is a smart addition to any investment portfolio. Featuring all-electric units where tenants cover their own electrical costs, it provides a low-maintenance ownership experience. Recent upgrades include newer windows, flooring, paint and ample parking, contributing to the property's long-term value. Conveniently located within walking distance to schools, shops, grocery stores, gas stations, and food services, this property is attractive to a wide range of tenants. Currently, four units are occupied by working professionals, generating a gross annual income of $52,200. Once fully rented, the projected yearly income increases to $60,600, bringing it to a 12% cap rate, a rare find and a strong cash flow potential. Additional highlights include: A well-manicured yard, offering tenants outdoor space for relaxation A rear garage, ideal for owner use such as lawn, garden, or tool storage Don’t miss this turn-key opportunity to own a solid multi-unit property in a desirable area.
- Basement
- Crawl Space
- Full
- Partial
- Unfinished
- Heating Information
- Baseboard
- Water Features
- Public
- Utilities
- Electricity Connected
- Parking
- Gravel
Listing Courtesy: VALMAC REALTY LTD. - 16139
NSAR IDX Reciprocity listings are displayed in accordance with NSAR's IDX Agreements and property information is provided under copyright © by the Nova Scotia Association of REALTORS® The above information is from sources deemed reliable but it should not be relied upon without independent verification.
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$385,000
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