566 Route 111Willow Grove, NB E2S 1M9
Description
Welcome to 566 Route 111, a fully rented triplex that blends modern upgrades with excellent investment potential in a serene rural setting. This property has undergone extensive renovations, ensuring both comfort and value. The top unit is a bright, completely updated 3-bedroom apartment featuring brand-new flooring, trim, fixtures, and a stylishly redesigned kitchen and bathroom. It currently rents for $1,700 per month with heat and lights included. The middle unit, which is identical in layout to the top floor, presents an exciting opportunity to update and increase its rental income, as it is currently rented at $1,300 per month, also with heat and lights included. On the lower level youll find a coin-operated laundry and a storage area, along with a beautifully renovated 1-bedroom unit boasting fresh flooring, trim, fixtures, and a modern kitchen and bath, renting for $1,300 per month with utilities included. All three units are equipped with energy efficient mini-split heat pumps for year-round comfort. The property also offers a private yard, perfect for entertaining, along with close proximity to St. Martins, SJ Airport, east Saint John, Quispamsis, and several nearby lakes, providing an ideal balance of rural charm and urban convenience. With a gross annual income of $52,600 and operating expenses of just $10,454, this property delivers a net income of $42,146, making it a lucrative investment opportunity. New Gravel in Driveway. Dont miss out. (id:31684)
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Structure type
- Triplex
- Year built
- 1967
- Living area
- 2,300 Sq Ft
- Lot size
- 0.63 acres
- Lot dimensions
- 0.63
- Ownership
- Freehold
- Listing #
- NB142145
Property Features
- Exterior
- Balcony
- Appliances
- Cooktop · Washer · Refrigerator · Dryer · Microwave
- Cooling
- Heat Pump
- Heating
- Baseboard · Heat Pump
- Flooring
- Ceramic Tile · Laminate · Vinyl
- Construction
- Vinyl Siding
- Sewer
- Septic Tank
- Water source
- Well
Financial Details
- Annual taxes
- $3,455
- Parcel number
- 00446153
Directions
From Loch Lomond - Route 111 toward St Martins, property on left.
Listing Courtesy: RE/MAX Professionals
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