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$ 1,025,000
Est. payment | /mo
2,314 Sqft Lot
$ 1,025,000
Est. payment | /mo
2,314 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID NB107278
Originating Board New Brunswick Real Estate Board
Lot Size 2,314 Sqft
Acres 2314.2407
Property Description
This prime investment opportunity is perfectly situated in the heart of downtown Moncton, offering an unbeatable location and steady rental income. The building consists of one commercial unitcurrently occupied by Cest la Vie Café as a long-term tenant on a secure leaseand four fully occupied residential units. Please note, the café is not for sale but will remain as a tenant, providing consistent revenue for the new owner. Basement is partially finished. The residential units boast an impeccable rental history with no vacancies since 2012, contributing to a total rental income of over $120,000 annually. The building is efficiently heated with natural gas, hot water radiators, and electric mini splits, while its position between two other buildings enhances energy efficiency. With separate utility metering, minimal additional expenses, and the commercial tenant covering snow removal, garbage, and patio costs, this property offers low maintenance and strong profitability. Priced at $1,025,000, this investment promises excellent returns. Detailed financials are available in the attached income/expense statement, or contact the listing agent for further information. Properties like this1 commercial unit and 4 residential unitsrarely come on the market in downtown Moncton. Dont miss this opportunity! (id:24570)
Location
Province NB
Interior
Heating Heat Pump, Hot Water, Radiator,
Cooling Heat Pump
Flooring Ceramic, Laminate, Linoleum
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXP Realty
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