354-366 Lincoln St - Apartments FOR SALE


Kings, NS B0P 1R0
$5,525,000 CAD
902-542-5781
354-366 Lincoln St, Kings, NS for Sale
$5,525,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

354-366 Lincoln St
Kings, NS B0P 1R0


OVERVIEW

This well-maintained, 3-building, apartment complex offers a solid investment opportunity. Featuring 2 one-bedroom units and 32 two-bedroom units, each apartment is separately metered with tenants responsible for their own electric heating. The two front buildings are 3-storey structured with 12 units each, while the rear building, constructed in 2011, has 10 units on two levels. With 7 annual leases and 27 term leases, the property boasts a stable and mature tenant base. Located near CFB Greenwood, the largest employer in the region and a popular destination for retired military personnel, the complex enjoys proximity to a variety of commercial amenities and activities

FOR SALE DETAILS

PRICE

$5,525,000 CAD

PRICE/SF

$120 CAD /SF

# OF UNITS

34

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln Shire Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Margaret MacKayMacKay Real Estate Ltd.More Info
902-542-5781

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Margaret MacKayMacKay Real Estate Ltd.More Info
902-542-5781

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.