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201 St John Street Fredericton, New Brunswick E3B 4B1

$564,900

Well maintained 5 Unit has been in the family for more than 70 years. An ideal investment if you live in one unit and have the other units pay the mortgage. Why not live rent free? This gem prominently sits on the corner of St. John and George St. Offering 2- 2 bedroom, 2- 1 bedroom PLUS 2 Bachelor. The 1 bedroom could easily be converted to a 2 bedroom or keep as a 1 bedroom and use the extra space as an existing office area. All units are heated and lighted. This gem has a unique style and not in a flood zone. Location makes for easy walking to the market, shopping centre, art gallery, library etc. Showcasing a maintenance free metal roof, stone complimented with warm vinyl tone siding has an extra large paved lot, Electric furnace, Coin operated washer and dryer inside the building. All apartments are rented and currently generate a monthly income of $4125. Majority of units are below the avg market rent for the area. Recent reno's include new windows, floors plus cosmetic upgrades. Water heater is 7 years old and is owned. Steel roofing was done 12 years ago. 4 new masses 7 years ago supporting 200amps. All Measurements to be verified by purchaser. Annual leases are in place with an expiry of Aug 31, 2021. (id:42007)

Property Details

MLS® Number NB059082
Property Type Multi-family
Equipment Type None
Features Level Lot, Corner Site
Rental Equipment Type None

Building

Appliances Refrigerator, Stove, Washer, Dishwasher, Dryer
Constructed Date 1950
Exterior Finish Concrete, Stone, Vinyl
Fire Protection Smoke Detectors
Fireplace Present No
Flooring Type Carpeted, Wood
Foundation Type Stone
Heating Fuel Electric
Roof Material Metal
Roof Style Unknown
Total Finished Area 3500 Sqft
Type Fourplex
Utility Water Municipal Water

Land

Access Type Year-round Access
Acreage No
Sewer Municipal Sewage System
Size Irregular 255
Size Total 255 M2
Size Total Text 255 M2

https://www.realtor.ca/real-estate/23300451/201-st-john-street-fredericton

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