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$ 2,250,000
Est. payment | /mo
3,598 Sqft Lot
$ 2,250,000
Est. payment | /mo
3,598 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Truro
MLS® Listing ID 202506154
Originating Board Nova Scotia Association of REALTORS®
Lot Size 3,598 Sqft
Acres 0.0826
Property Sub-Type Freehold
Property Description
Presenting: 24 Louise St, together with the neighbouring property at 20 Louise (triplex), forms a rare investment opportunity in the heart of downtown Truro! This 15 unit building with an approved development agreement for a 16th unit that is mostly finished (well will not be finishing for closing) offers a fantastic opportunity for investors seeking long term rental income in a high-demand area. Located between Prince and Queen street, it's within walking distance to shops, restaurants, and amenities, this property ensures consistent tenant demand and long-term value. 20 and 24 Louise together produce gross potential rental income, based on full occupancy, of approximately $250,000/year making this an attractive addition to the savvy investor's portfolio. As an added benefit, with management already in place, a new owner can simply take over and enjoy the benefits of owning 2 great properties in Truro's thriving downtown! Detailed financials available upon request with a signed Non-Disclosure Agreement. Please Note: 20 and 24 Louise MUST be sold together. 615 Prince is also available from the same owner and the owner would place value on a buyer purchasing all three properties at the same time. (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Flooring Laminate, Vinyl
Exterior
Parking Features No
Community Features Recreational Facilities, School Bus
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Truro Real Estate
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Nick Palumbo
Agent | License ID: 5043946