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40 Young Street Fredericton, New Brunswick E3A 3Y2

Baseboard Heaters, Other Landscaped

$1,350,000

GREAT INVESTMENT OPPORTUNITY! 11 unit building close to all amenities. Building contains ten 2 bdrm units and one very large 3 bdrm unit with 2 baths. Building is extremely well maintained & managed by current owner for 13 years & is a turn key investment with low turnover! Nicely landscaped lot with paved parking that will hold 16 plus vehicles. Outdoor green space with picnic table for tenants. Building is secured & has intercom system. Each unit is well designed, bright, with in unit storage & easy access to all floors through front & rear entrances to stairwells. Electrical panels with breakers in each unit. Tenants love the coin operated laundry on lower level which is kept clean & tidy & has expandable security camera system. Separate utility room with running water. 10 of 11 units and all common areas in the building are smoke free. Roof shingles replaced 2012 with 25 year shingles. Fully occupied with trouble free tenants with only one unit left vacant for showings that was recently renovated. Damage deposits on file at Rentalsman office. Several Tenants have also been notified of a rent increase by the end of the year which will total $1200/year additional revenue for new owner. Rents 1. $898, 2. Vacant $1,000, 3. $800 (increase to $830 Oct 1), 4.$826 (increase to $857 Sept. 1), 5. $747, 6. $850, 7. $735, 8. $825, 9. $752, 10. $856, 11. $950 (increase to $986 Nov. 1) Dont miss out on this excellent investment & future retirement opportunity! (id:42007)

Property Details

MLS® Number NB075878
Property Type Multi-family
Equipment Type Water Heater
Rental Equipment Type Water Heater
Structure Shed

Building

Appliances Refrigerator, Stove, Washer, Dryer
Constructed Date 1993
Exterior Finish Vinyl
Fire Protection Smoke Detectors, Alarm System
Fireplace Present No
Flooring Type Carpeted
Foundation Type Concrete
Heating Fuel Electric
Heating Type Baseboard Heaters, Other
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 2
Total Finished Area 11520 Sqft
Utility Water Municipal Water

Land

Access Type Year-round Access
Acreage No
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Irregular 1831
Size Total 1831 M2
Size Total Text 1831 M2

https://www.realtor.ca/real-estate/24679281/40-young-street-fredericton

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