47 Spring Street, Amherst, NS

About 47 Spring Street

This centrally located fourplex in the heart of Amherst offers a fantastic investment opportunity within walking distance to schools, parks, and the downtown core. The building spans four levels and includes four self-contained units: one one-bedroom, two two-bedroom, and one three-bedroom apartment. The vacant two-bedroom unit at the rear entrance features a kitchen and living room on the main floor, with two bedrooms, a full bathroom, and the utility room in the basement. A second entry on the main level leads to an occupied one-bedroom unit currently rented for approximately $615 per month, with heat and electricity included. On the second floor, you'll find a spacious, occupied three-bedroom unit rented for $1,100 per month, with heat included. The third floor offers a vacant two-bedroom unit with laundry hookups, heated with electric baseboards. The main roof is estimated to be around 8 years old. The property is heated by two forced-air furnaces-one serving the two main-level units, and the other dedicated to the second-floor unit-however there is only a single oil tank. There are three electrical meters. One meter is for the upper unit, one is for the second level three bedroom and the third is for the two main level units. This property is ideal for investors looking to grow their rental portfolio in a desirable and convenient location.

Listing Map