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$ 580,000
Est. payment | /mo
4,564 Sqft Lot
$ 580,000
Est. payment | /mo
4,564 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID NB112953
Lot Size 4,564 Sqft
Acres 4564.0
Source New Brunswick Real Estate Board
Property Description
Excellent Investment Opportunity in a High-Demand Area! This solid 5-unit multi-family property offers incredible potential with five spacious 2-bedroom units. Located in a highly sought-after area, this property is steps away from a bus stop, ensuring easy access to transportation. Current rents are well below market value, presenting a huge opportunity for increased revenue. Each unit features separate electrical meters, giving tenants control over their own utilities. Additionally, a brand-new propane furnace was installed in 2023 at a cost of $16,000, a significant upgrade for efficiency and comfort. While the exact unit sizes are unknown due to tenant occupancy, each unit offers generous living space. The square footage listed is an estimate and not an actual measurementbuyers should verify all dimensions independently. Income: 59,820; potential income can go above 90,000 expenses: Insurance:957; Water/Sewage:3,072; Garbage:1,850; Heating:7,159; light:3,451; Taxes:3,601; Total:20,090 Net income: 39,730; potential net income goes to 70,000+ A brand new propane furnace was installed in 2023 that cost $16,000. The roof is roughly 10 years old. Dont miss out on this fantastic investmentschedule a viewing today! (id:24570)
Location
State NB
Rooms
Kitchen 0.0
Interior
Heating ,
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Listed by Platinum Atlantic Realty Inc.
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