14525 Highway 1

Description

Triplex + detached commercial space (currently a music store) and a small garage, all on an oversize lot, close to the amenities of Middleton & Kingston in the fast-growing central Annapolis Valley. Summary of units: One 1-BR (front, lower level, $1000/m), One 2-BR (upper floor, $1000/m), One 3-BR (rear, lower level, $1800/m). Seller currently operates a music store from the detached commercial space - so there is further potential upside to rental income. Several music rehearsal rooms in basement + detached music store could both possibly be converted into additional residential unit(s). If you're interested in acquiring the music store inventory and business/good-will it can be further discussed/negotiated with the owner (not included in the asking price). Septic system is over-engineered (able to potentially accommodate additional units) and recent (~2011). New heat pump in front residential unit and music store. New metal roof on music store. Property will need some TLC here and there; reflected in asking price. (id:56844)

Listing

MLS® number

202617013

Status

Active

Days On Market

114

Building

Type

Fourplex

Year built

1947

Foundation

Concrete Perimeter

Basement

Partially finished, Full

Interior

Flooring

Hardwood, Laminate, Carpeted, Other, Vinyl

Heating

Heat Pump, Baseboard heaters, Forced air, In Floor Heating, Oil, Electric, Hot Water, Furnace

Appliances

Washer, Refrigerator, Stove, Dryer

Land

Lot size

0.78 acres

Exterior features

Vinyl

Parking

Type

Gravel

Utilities

Water

Drilled Well

Sewer

Septic System

Fees and taxes

Common interest

Freehold

Parcel number

05032826

Directions

Highway 1 between Middleton & Kingston, near Dodge Road