128-132 Forest Hill Road , Fredericton

$599,900 / MLS® Listing #:NB051533

  • Property Info
  • WalkScore
  • Mortgage Info
  • Share

5 unit building sitting on 2290 sq. m. lot consisting of 1-5 bedroom rent $2150, 2-4 bedrooms rents $1800 each, 1-3 bedroom rent $1150, and a 2 storey loft unit rent $1200 with sun bbq deck at back of building overlooking river which is 1 bedroom but could be 2 (perfect owner unit). The 3 bed unit has very large bedrooms just became vacant and renos starting soon, rent increase possibility. There are 3 power meters: 1 for a 3 bed, 4 bed and loft; 1 for 4 bed; 1 for 5 bed. Landlord provides heat, lights, internet, and periodic cleaning service. Very close to 2 universities, on bus route, near all amenities. A 32 unit is under construction directly beside this, which is next to a 130 unit project recently approved for micro boutique units. All along this section of Forest Hill Road are many multi unit buildings ranging from 2 to 24+ units, tenant mix mostly young working professionals and students. Currently R4 zoning. Great future large scale multi-unit project location possibilities. Financials are 2020, Cap Rate about 5.9%. Historic low interest rates and low vacancy rates present an opportunity for a strong future financial position. (id:10452)

Property Details

Property Type Multi-family
Square Feet
Maintenance N/A
Days On Our Website 88
Basement
Kitchens
Lot Dimensions 2290 Sq M.|1/2 - 1.99 acres
Pool N/A
Area Fredericton
Air Conditioning N/A
Heating Oil - Baseboard heaters, Hot Water
Exterior Colour Loc, Vinyl
Sewers Municipal sewage system
Water Municipal water

Listing Office: eXp Realty



Loading WalkScore data...

Loading Mortgage Calculators...

Terms Of Use Agreement

Terms of Use
This website is operated by Kevin Hollohan, a salesperson who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Kevin Hollohan, and CREA.

Copyright
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

Amendments
Kevin Hollohan may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

Do you agree to these terms and conditions?