685 Main Street, Yarmouth

Description

685 Main Street, Yarmouth Opportunity awaits with this fully rented four-unit income property situated on an exceptionally large 1.4-acre lot in the heart of Yarmouth. Generating strong rental income with four occupied units and five electrical meters (including a landlord meter), this property offers investors immediate cash flow along with long-term potential. The building features a mix of one and two-bedroom units, with many areas having seen updates over the years including flooring, kitchens, bathrooms, lighting, and electrical improvements. Several units offer bright living spaces, spacious kitchens, and modernized bathrooms while maintaining the character and charm of this classic Yarmouth property. Tenants benefit from ample parking, convenient in-town living, and easy access to shops, schools, restaurants, and services. A significant feature of this property is the unusually large parcel extending behind the building. While buyers should complete their own due diligence regarding future development opportunities, the size of the lot offers possibilities rarely found with comparable multi-unit properties within town limits. The property is serviced by five electrical meters and includes a combination of electric and oil-fired heating systems. Most tenants pay their own electricity, helping to control operating costs. The exterior has been maintained with vinyl siding and asphalt shingles, while the large gravel parking area provides plenty of off-street parking for tenants and guests. Whether you're looking to expand your investment portfolio, enter the multi-unit market, or acquire an income-producing property with future upside potential, 685 Main Street represents a compelling opportunity in one of Yarmouth's most established neighbourhoods. Current annual gross rental income of approximately $51,480. Financial information available to qualified buyers upon request.