5168-5170 Morris Street - This is an excellent opportunity to invest in the most sought after location in Halifax, either as an owner occupied or pure investment. This 3 storey walk-up features 5 character filled one bedroom apartments, each with their own charm. The units are below current market rents. For the first time investor this is the perfect place, an exceptional location, the ability to put your own stamp on the building, manage a simple building all while having the option to live in a really cool apartment. Two of the leases are year to year, 2 are a term lease. The last has just given noticed and will be switched to a term lease as well. For the savvy investor the finances have upside as tenants turn over, while the location will always be a pure blue chip part of your portfolio. A couple of things to know, there is no parking, the income is approximated based on the current unit being occupied, the expenses are based on 2023 actuals. The units generally show well and the tenants are excellent. The building is approximately 155 years old- so think charming, cool floors, nice trim and lots of character and the maintenance that goes with it. This is an absolute must see for investors in Halifax.
