40 Young Street , Fredericton

$1,350,000 / MLS® Listing #:NB075878

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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
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

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