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656 Forest Hill Road Fredericton, New Brunswick E3B 4K6

Baseboard Heaters Landscaped

$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)

Property Details

MLS® Number NB071504
Property Type Multi-family
Equipment Type Water Heater
Features Balcony/deck/patio
Rental Equipment Type Water Heater

Building

Appliances Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer
Constructed Date 2014
Exterior Finish Vinyl
Fireplace Present No
Flooring Type Laminate, Vinyl
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 1
Total Finished Area 2790 Sqft
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Irregular 693
Size Total 693 M2
Size Total Text 693 M2

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

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