582 Charlotte Street Fredericton, New Brunswick E3B 1M2

$599,900

Income property in prime downtown location. Just steps away from the laundromat/convenience store and within walking distance to the grocery store and liquor store. On the bus route and short walk to downtown and the River. All 6 units have one year leases. Natural gas provides on demand hot water. Uni t #5 has a ductless split and the other units have electric baseboard heat and forced air heating. Unit #5 also has a washer & dryer. This property has seen many upgrades over the years and the operating expenses are quite stable. no need to worry about finding tenants with this location. Please note that due to rented units, Total SQFT Finished Space is not available. Please contact listing salesperson to set up viewings. All units have been given notice of rental increases that take effect July 1, 2022. New rents will be as follows: #1- $750.00 #2- $800.00 #3- $750.00 #4 - $750 #5 - $1,700.00 #6 - $1,400.00. This adds an additional $375.00 per month in revenue that has been reflected in the revenue section. Snow and Garbage expense is actually snow and lawn. Other expense refers to natural gas expense. Heat and lights included in the rents. Vendor is currently going through the re-zoning process. (id:42007)

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https://www.realtor.ca/real-estate/24081572/582-charlotte-street-fredericton