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$ 1,525,000
Est. payment | /mo
6,400 SqFt
$ 1,525,000
Est. payment | /mo
6,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 6400
Square Footage 6,400 sqft
Price per Sqft $238
MLS® Listing ID NB147534
Lot Size 0.551 Acres
Acres 0.5512921
Property Sub-Type Freehold
Property Description
Located in the heart of downtown Shediac, 404 Main Street is a well-maintained 11-unit investment property offering a rare combination of charm, character, location, and a strong rental history. The property consists of two separate buildings and presents an excellent opportunity for investors looking to add a solid income-producing property to their portfolio. The front building is a designated heritage property, full of character and charm. It features a secure entrance, inviting lobby, and four residential units, along with a convenient coin-operated laundry facility in the basement. The building is individually metered and includes two water heaters. The unfinished basement also provides additional storage space, offering practical benefits for both the property and its tenants. The second building consists of seven residential units, most of which are equipped with their own in-unit washer and dryer. The remaining two units have access to the laundry facilities located in the main building. Constructed on a slab, this building offers a variety of unit layouts to accommodate different tenant needs. The property has an excellent rental history with predominantly long-term tenants, providing stability and confidence for investors. Utilities are not included in the rents. One of the property's greatest advantages is its prime downtown Shediac location. Tenants are within walking distance of virtually everything they need, including shopping, restaurants, schools, a medical clinic, pharmacy, and other local amenities. Ample on-site parking is also available for tenants, adding to the property's convenience and rental appeal. With 11 units, two separate buildings, strong rental history, excellent tenant location, and the unique character of a designated heritage building, 404 Main Street represents a rare investment opportunity in the heart of Shediac. Call or text today for more information or to arrange a viewing. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Flooring Ceramic, Laminate
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXIT Realty Associates