23 Centennial WestRexton, NB E4W 1X4
Description
Well-maintained 9-unit apartment building with Creative Financing options and with an excellent rental history located in the heart of Rexton. This property features nine 1-bedroom units, each with its own laundry hookups separate meters and functional layouts that appeal to long-term tenants. The building also includes a large garage that could be purchased separately and ample on-site parking for tenants and guests. Several units are larger than typical 1-bedroom layouts, presenting potential for reconfiguration or the addition of extra units, offering investors a clear opportunity to increase rental income and force appreciation (subject to approvals). Located on Centennial West Avenue, the property is within walking distance to the elementary school, shops, and restaurants, and only 34 km from the Town of Richibucto and approximately 50 minutes to Moncton. This property offers stable income today with strong upside potential. The seller is open to discussing creative financing options, making this an attractive opportunity for investors looking to expand their portfolio with flexible acquisition possibilities. (id:31684)
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Living area
- 5,836 Sq Ft
- Lot size
- 0.50 acres
- Lot dimensions
- 0.5
- Ownership
- Freehold
- Listing #
- NB134444
Property Features
- Appliances
- Cooktop · Refrigerator
- Heating
- Baseboard · Electric
- Flooring
- Vinyl
- Construction
- Aluminum Siding · Vinyl Siding
- Sewer
- Public Sewer
- Water source
- Well
Financial Details
- Annual taxes
- $10,769
- Parcel number
- 25140641
Directions
Take Exit 53 to Rexton, Centennial West is on your left hand side just after the firehall
Listing Courtesy: eXp Realty
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