40 Young Street , Fredericton

$1,350,000 / MLS® Listing #:NB075878

  • Property Info
  • WalkScore
  • Mortgage Info
  • Share

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:10452)

Property Details

Property Type Multi-family
Square Feet
Maintenance N/A
Days On Our Website 22
Basement
Kitchens
Lot Dimensions 1831 m2
Pool N/A
Area Fredericton
Air Conditioning N/A
Heating Electric - Baseboard heaters, Other
Exterior Vinyl
Sewers Municipal sewage system
Water Municipal water

Listing Office: RE/MAX East Coast Elite 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?