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894 Principale Street Beresford, New Brunswick E8K 2G8

3600 sqft
Baseboard Heaters

$750,000

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:32432)

Property Details

MLS® Number NB133320
Property Type Multi-family

Building

Appliances Refrigerator, Stove
Constructed Date 1991
Exterior Finish Vinyl
Fireplace Present No
Flooring Type Laminate, Vinyl
Foundation Type Slab
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 3600 Sqft
Total Finished Area 3600 Sqft
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 10000
Size Total 10000 Sqft
Size Total Text 10000 Sqft

https://www.realtor.ca/real-estate/29338736/894-principale-street-beresford

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Art Dadson
Salesperson

(506) 875-5951

Exp Realty
Moncton Region Office
Moncton, New Brunswick E3B 2M5

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