37 Martin Lake Drive

Description

RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.5% going-in capitalization rate at the asking price. The property includes four 2-bedroom apartments, established tenants, commercial-grade laundry and a newly constructed four-unit storage building. More than $212,000 has been invested in capital improvements and major building upgrades since 2022, including a new Ecoflo septic system, drainage management system, well equipment, bathroom renovations, commercial laundry equipment, insulation, exterior doors and other significant improvements. The result is an income-producing multifamily property with substantial infrastructure work already completed and approximately $63,339.33 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available. (id:56844)

Listing

MLS® number

202616349

Status

Active

Days On Market

121

Building

Type

Fourplex

Year built

1972

Foundation

Concrete Slab

Basement

None

Features

Storage - Locker

Interior

Flooring

Laminate

Heating

Baseboard heaters, Oil

Appliances

Washer, Refrigerator, Stove, Dryer

Land

Lot features

Balcony

Exterior features

Stucco, Vinyl

Community

School Bus, Recreational Facilities

Parking

Type

Parking Space(s), Gravel

Utilities

Water

Drilled Well

Sewer

Septic System

Fees and taxes

Common interest

Freehold

Parcel number

40164063

Directions

Highway 107 to exit 18, right on Hwy 7 left on Martin Lake Drive, property is on the right.