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$ 950,000
Est. payment | /mo
5,836 SqFt
$ 950,000
Est. payment | /mo
5,836 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5836
Square Footage 5,836 sqft
Price per Sqft $162
MLS® Listing ID NB134444
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Freehold
Property Description
Well-maintained 9-unit apartment building with Creative Financing options and with an excellent rental history located in the heart of Rexton. This property features nine 1-bedroom units, each with its own laundry hookups separate meters and functional layouts that appeal to long-term tenants. The building also includes a large garage that could be purchased separately and ample on-site parking for tenants and guests. Several units are larger than typical 1-bedroom layouts, presenting potential for reconfiguration or the addition of extra units, offering investors a clear opportunity to increase rental income and force appreciation (subject to approvals). Located on Centennial West Avenue, the property is within walking distance to the elementary school, shops, and restaurants, and only 34 km from the Town of Richibucto and approximately 50 minutes to Moncton. This property offers stable income today with strong upside potential. The seller is open to discussing creative financing options, making this an attractive opportunity for investors looking to expand their portfolio with flexible acquisition possibilities. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Flooring Vinyl
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by eXp Realty