(506) 260-2605     jaymunn@nb.sympatico.ca

123 Logue Road, Minto New Brunswick - $324,900

CONTACT JASON MUNN:     (506) 260-2605     jaymunn@nb.sympatico.ca     461 St. Mary's Street, Fredericton, New Brunswick E3A 8H4

Info:

Type: Multi Family Property Sub Type: 5 - 8 Unit Price: $324,900MLS®#: NB002454 Beds: 0 Age Of Building: 1976

Additional Info:

Exterior Finish: Vinyl
Driveway: Mutual
Garage: N/A Sewer: Municipal
Roof: Asphalt Shingle
Heating: Baseboard, Electric, Heat Pump
Foundation: Concrete, Slab

Full Description:

Opportunity knocks with this 8 unit apartment building, sitting 30 minutes from Fredericton. Completely renovated inside/out since 2013. The building houses mature residents and has NO vacancy. There are four two bedroom units and four one bedroom units, all updated and comfortable for the tenants. Buildings like this are hard to find in out-skirt areas, creating a demand for them with the aging population. Each unit has its own ductless heat pump unit with air conditioning. Best of all, this building has a net net on rent of $40,000 per year after expenses, yielding an amazing 12% cap rate. If you are just starting or adding to the fleet, this is one building that should not be overlooked. Units 2 and 7 (2 bdrms) and units 3 and 5 (1 bdrm) are available for viewing. All units are in the same great condition and the remaining four can be viewed upon an accepted offer to purchase. Building dimensions/square footage is approximate and should be verified by the purchaser.

Directions: Main Street, Minto to Queen Street, left onto Logue Road, Civic #123, on the right

Rooms:

Room Level Dimensions
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Agent Info

Home id:20546 - Listed by: Jason Munn
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