894 Principale StreetBeresford, NB E8K 2G8
Description
Turnkey investment opportunity positioned directly on Main Street with excellent visibility and tenant appeal. This well-configured 7-unit building includes 2 one-bedroom units, 4 two-bedroom units, and 1 bachelor unit, offering a diversified rental mix that supports stable occupancy and consistent income. Ownership has already completed a major value add: all electrical meters and hot water tank rentals are separated and paid by tenants, significantly reducing operating expenses and improving net returns. 100 AMP panels added to each unit giving you the ability to add even more value by adding heat pumps in each unit as a part of your future upgrades. An additional garage rental provides supplementary monthly income. Location drives demand just minutes from downtown Bathurst and close to shopping, services, schools, and daily amenities, making this a practical choice for long-term tenants. Low management intensity, improved expense structure, and multiple income streams make this a solid addition to any portfolio. (id:31684)
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1991
- Stories
- 2
- Living area
- 3,600 Sq Ft
- Lot size
- 10,000 Sq Ft
- Lot dimensions
- 10000
- Ownership
- Freehold
- Listing #
- NB133320
Property Features
- Appliances
- Cooktop · Refrigerator
- Heating
- Baseboard · Electric
- Flooring
- Laminate · Vinyl
- Construction
- Vinyl Siding
- Foundation
- Slab
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $13,100
- Parcel number
- 20402772
Directions
Head North out of bathurst on Peter Avenue. Becomes Rue Principale once you hit beresford. Property will be on the left side next to the Dollar Store
Listing Courtesy: eXp Realty
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