2027-29 Parker Street, Halifax (MLS® 201827332): A RARE OPPORTUNITY to acquire this well located, prime 2-unit cash flow positive income property in the Quinpool district of Halifax peninsula. A 6 bedroom main level unit, currently leased until May 2020 at $3750 per month and 4 bedroom upper level unit, currently leased until Sept 2020 at $2400 per month. This property is ideally located for the university student population being walking distance to DAL, SMU, QEII, IWK and all amenities. The investment opportunity offers a 6.79% CAP rate with current income/expenses. This property neighbours the approved Willow Tree Tower project and under the proposed Halifax Centre Plan this property has development potential (buyer to complete due diligence) situated across the street from the Former Saint Pats High School site and walking distance to recently completed projects like The Keep condominiums including ground floor tenants Starbucks and local favorite Morris East. This is your opportunity to contribute to the repositioning of the Qunipool District!
Listing Courtesy of Royal LePage Atlantic
2 Fridges, 2 Stoves, 2 Dishwasher