18 Woodman Rd

This fourplex is situated on a parklike half-acre lot in the historic town of Wolfville. The building includes a 3 bedroom unit with 2 ensuites while the other three units are two bedrooms & 1 bath. Units A&B have private laundry while units C&D share laundry. Just minutes from the heart of downtown Wolfville, this is an ideal location for young professionals. Vacancy has never been an issue with this sought-after building and location. Investors will be pleased to know that itcurrently carries a 7.0% cap rate with room to grow. Further, using current interest rates the property is cash flow positive.The roof was re-shingled in September 2020. Meanwhile, unit A was extensively renovated in 2022 with a new kitchen, bath, flooring, deck, patio door, lighting, drywall, plumbing, electrical, barn doors and paint throughout. In the last couple of years work updates on the building include some brand new appliances, new toilets, new sewer lift pump, municipal street connection and new heat pumps in all units. With its proximity to shopping, Acadia University, Church Brewing & countless wineries makes this a wonderful opportunity for all investors. (id:54626)