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$ 489,900
Est. payment | /mo
2,300 SqFt
$ 489,900
Est. payment | /mo
2,300 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2300
Square Footage 2,300 sqft
Price per Sqft $213
MLS® Listing ID NB142145
Year Built 1967
Lot Size 0.630 Acres
Acres 0.63
Property Sub-Type Freehold
Property Description
Welcome to 566 Route 111, a fully rented triplex that blends modern upgrades with excellent investment potential in a serene rural setting. This property has undergone extensive renovations, ensuring both comfort and value. The top unit is a bright, completely updated 3-bedroom apartment featuring brand-new flooring, trim, fixtures, and a stylishly redesigned kitchen and bathroom. It currently rents for $1,700 per month with heat and lights included. The middle unit, which is identical in layout to the top floor, presents an exciting opportunity to update and increase its rental income, as it is currently rented at $1,300 per month, also with heat and lights included. On the lower level youll find a coin-operated laundry and a storage area, along with a beautifully renovated 1-bedroom unit boasting fresh flooring, trim, fixtures, and a modern kitchen and bath, renting for $1,300 per month with utilities included. All three units are equipped with energy efficient mini-split heat pumps for year-round comfort. The property also offers a private yard, perfect for entertaining, along with close proximity to St. Martins, SJ Airport, east Saint John, Quispamsis, and several nearby lakes, providing an ideal balance of rural charm and urban convenience. With a gross annual income of $52,600 and operating expenses of just $10,454, this property delivers a net income of $42,146, making it a lucrative investment opportunity. New Gravel in Driveway. Dont miss out. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Heat Pump
Cooling Heat Pump
Flooring Ceramic, Laminate, Vinyl
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Lot Description Landscaped
Sewer Septic System
Others
Ownership Freehold
Listed by RE/MAX Professionals
Nearby Locations
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