Skopik's Most Recent Acquisition

815 Brookdale 204 HWY

Amherst, a border town to New Brunswick, weathered through the bust and booms of the global market without much impact. The city's population has been on the rise since 2001, with several of the big box stores moving into the area. Brookdale is a little piece of the country, stretched out over a 1.5 acre parcel, only minutes from downtown Amherst.

This is a solid building which has been well maintained with several renovations and upgrades over the past few years. Some of the floors are the original hardwood, while others received a facelift with new laminate, the roof was re-shingled in 2007, and the furnace was replaced in 2004. This fourplex contains 4-two bedroom, 1 bathroom units, and is currently fully occupied. Work projects over the next 2 years include a new stairwell in the back for the upstairs tenants and the rewiring and consolidation of the electrical panels for increased safety and efficiency.


Asking Price:
$159,000.00
Purchase Price:
$150,000.00
Yearly Income:
$34,800.00
Yearly Expenses:
$12,900.00
Coverage Ratio:
2.34
Cap. Rate:
12.0
Zoning:
100% Residential



188 Shore Road

Shore Road has a remarkable amount of potential. This triplex is located on the outskirts of the Whitney Pier where it looks out over the Sydney inlet toward North Sydney, where the Nova Scotia government has allotted $25 million dollars toward a container ship port, which will bring more jobs to the area. Due to the collapse of the steel and coal mining industry in Sydney, housing prices plummeted until the federal and provincial governments stepped in to rebrand the area as a tourist hot spot, building a new cruise ship port and marina. Housing prices have started to rise but are far from their potential.

Shore Road was purchased for 88% of the asking price. All three bathrooms have been upgraded in the last 5 years, roof is 4 years old, a new back staircase was built in 2010, as well as many other upgrades. Current work projects to be completed over the next few years will be a replacement of the front veranda and the installation of double glazed windows.


Asking Price:
$124,900.00
Purchase Price:
$110,000.00
Yearly Income:
$23,568.00
Yearly Expenses:
$10,047.00
Coverage Ratio:
2.12
Cap. Rate:
13.0
Zoning:
100% Residential



Latest News for Skopik

188 Shore Road has a New Deck!

Construction on our new deck at 188 Shore Road is completed! This adds immediate value and allows our tenants to once again enjoy the ocean view safely and comfortably.

Check out our before and after pictures on Facebook!

188Shore Road

815 Brookdale Amherst NS is Under New Management!!!

Skopik Real Estate Investments is proud to welcome Nicole Hicks to our team. Nicole brings over six years of experience, along with a fresh approach to property management. We feel her work ethic and considerate personality fits well with our culture of caring for our tenants and properties. Nicole has already proven to be hands on and very communicative, thus showcasing her value early! We look forward to growing her business and our own.

Welcome aboard Nicole!


Website Launch!

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We will be keeping this dynamic! We will be adding fun, educational videos of us, your real estate investment gurus! These videos are not scripted and as such will reflect our personalities, opinions and beliefs. They are in no way the gospel truth, they are our truth, but we are not prophets so please ensure you take what we say and do research of your own.

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