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354-356 and 366 Lincoln Street
Kings County Kingston B0P 1R0

$5,525,000
Multi-Family built: 1990

Main Photo: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
Photo 1: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
Photo 2: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
Photo 3: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
Photo 4: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
Photo 5: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
Photo 6: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202409063
Year Built:
1990
354, 356 and 366 Lincoln Street offers an investment opportunity to own a 3 building / 34 unit apartment project located in Kingston, NS just minutes of Hwy 101. Unit mix: 2 x 1 Bdrm, 22 x 2 Bdrm with 2 appliances and 10 x 2 Bdrm with 5 appliances. Majority units have balconies. Attractively landscaped with good curb appeal. Buildings are in very good overall condition. The two front buildings are 3 levels with 12 units each that were built in 1989 and 1990. The rear building is a 2 level 10 unit that was completed in 2011. Mature tenant base. Current rents are under valued. Opportunity to raise rents to market as units turnover. Buildings are highly efficient with minimal common area. Electric baseboard heat and air exchange in new building. Low operating costs. Treat financing as clear. Current income is reflective of a 6.0 cap rate.
Listing Sub-Area:
Kings County
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Building Dimenions:
-
Lot Size:
2.17 acre(s)
Prop Size:
1 to 2.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
34
Year built:
1990 (Age: 34)
Age:
34
# Floors:
3
Exterior Finish:
Brick
Foundation:
Concrete
Basement:
Partially Developed
Floor Finish:
Carpet, Hardwood
Roof:
Asphalt Shingle
Heating:
Baseboard, Hot Water
Fuel:
Electric, Natural Gas
Parking:
Yes
Parking Description:
60 Paved surface parking spaces.
Driveway:
Parking Spaces(s), Paved, Shared
Water Supply:
Drilled Well
Sewer:
Municipal
Num Units:
34
Num 1 Bed Units:
2
Num 2 Bed Units:
32
# Of Dishwashers:
10
# Of Dryers:
4
# Of Fridges:
34
# Of Stoves:
34
# Of Washers:
4
Rental Income:
Yes
Cable, Laundry, Power, Security Building, Telephone
Park, Playground, Public Transit, Shopping
Range, Dryer, Washer, Refrigerator
None
Shed
No
Zoning:
R-4
Possession Info:
Negotiable
  • Photo 1: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
    Photo 1 of 6
  • Photo 2: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
    Photo 2 of 6
  • Photo 3: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
    Photo 3 of 6
  • Photo 4: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
    Photo 4 of 6
  • Photo 5: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
    Photo 5 of 6
  • Photo 6: 354-356 and 366 Lincoln Street in Kingston: Kings County Multi-Family for sale (Annapolis Valley)  : MLS®# 202409063
    Photo 6 of 6
Listed by Keller Williams Select Realty (Branch)
Data was last updated September 8, 2024 at 01:20 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$479,900
Min list price:
$250,000
Max list price:
$5,525,000
Avg days on market:
49
Min days on market:
2
Max days on market:
197
These statistics are generated based on the current listing's property type and located in Kings County. Average values are derived using median calculations.

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