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$ 399,900
Est. payment | /mo
5,253 Sqft Lot
$ 399,900
Est. payment | /mo
5,253 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID NB120279
Year Built 1951
Lot Size 5,253 Sqft
Acres 5253.0
Source New Brunswick Real Estate Board
Property Description
This well-maintained and spacious 4-family property offers a fantastic investment opportunity with a solid rental history and low vacancy rate. Each unit is generously sized, providing comfortable living for tenants. Recent updates throughout the building enhance its appeal and reduce ongoing maintenance costs. The property features off-street parking, a nicely sized backyard for tenant enjoyment, and a convenient location close to shopping, dining, and the mall. Additional amenities include coin-operated laundry, adding extra income potential. Whether you're an experienced investor or just starting your portfolio, this property is a smart, stable choice with strong cash flow potential. Total rental income $54,000 & laundry income $2880. Total income $56,880. Approx. expenses- Insurance-$1900, water/sewer- $2700, Heat $5800, Taxes $6726,56. Approx. total expenses - $17,126,56 APPROX. NET INCOME- $39,753. Rents are $750, $1100, $1200, and $1450. Property taxes reflect non owner occupied. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Hot Water,
Flooring Ceramic, Laminate
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Lot Description Landscaped
Story 1
Sewer Municipal sewage system
Listed by Keller Williams Capital Realty
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Kim Avery
Agent