656 Forest Hill Road Fredericton, New Brunswick E3B 4K6

$399,900

This duplex, great location, on bus route, close to universities, built around 2014 and about 2944 sq. ft. total, 1395 per unit, both open concept, each separate meter. Upper 4 bed (3 up and 1 down) 2 bath, large eat in kitchen, rear deck, huge LR, spacious bedrooms, separate laundry (non coin operated) and large dining room which can easily convert to 5th bed. Current rent $2000, potential $2500 with 5th bed. Lower has 2 bed 1 bath, large eat in kitchen, spacious LR and bedrooms, separate laundry (non coin operated) and outside sitting area, current rent $1000. Potential increased income idea changes: (make one laundry with coin operated, convert the upstairs dining room to bedroom, add the lower bed of upper unit to lower unit making it 3 bed, making upstairs 4 bed and down 3, make renting easier with a 4 and 3). All units have, stove, fridge, microwave, washer, dryer and air exchangers. Tenants pay power and internet. Current annual rent $36,000, expenses $11,379, NOI $24,621, Cap Rate 6.2%, active leases. (id:42007)

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https://www.realtor.ca/real-estate/24318059/656-forest-hill-road-fredericton