Property Details

2501, 2503, 2507 102 Route, Lincoln, New Brunswick, E3B7E6

2501, 2503, 2507 102 Route, Lincoln, New Brunswick (ID NB038076)

$329,900 - For sale

Only
Get pre-approved now! > Click Here <
ID#:NB038076

9 UNIT INCOME PROPERTY - Multi-unit property for sale consisting of two buildings on the same PID. One building has 7 units (2503 Route 102) and the second building (2507 Route 102) is an over and under duplex. There are 5 one bedroom units and 4 two bedroom units for a total of 9 units. All units are occupied. All the units in the 7 unit building have their own electrical entrances however one unit does share the electricity with the common areas and as such, electricity is included in that rental amount. Four units in the 7 unit building also have their own hot water tank while the other three units share one hot water tank. This set up helps reduce electricity costs for the landlord since tenants pay their own heat, lights and hot water. The duplex is on one electrical meter and has one hot water tank so utilities are included in the rent for that two unit building. The property has its own well and septic system so there is no additional expense for water usage. The buildings are approx. 60 years of age. The large parking lot and driveway is paved and accommodates multiple vehicles for the convenience of the tenants. This property is located close to the Fredericton Airport so not far from Fredericton and Oromocto so you have two markets to draw upon for tenants. Very affordable units for tenants generating annual revenue of $66,000.00. A great little investment property! The vacant lot next door is included in this price. (id:2471)

Property Details
  • Property Address:2501, 2503, 2507 102 Route, Lincoln, New Brunswick, E3B7E6
  • Property Type:Multi-family
  • Lot Size:4416sq.metres
  • Acreage:4416sq.metres|1 - 3 acres
  • Sewage Type:Septic System
  • Water Type:Drilled Well, Well
  • Access:Year-round access
Structure Details for 2501, 2503, 2507 102 Route, Lincoln, New Brunswick, E3B7E6
  • Building Age:1958
  • Heating Type:Electric, Baseboard heaters, Hot Water, Other
  • Storeys:2
  • Flooring:Ceramic, Laminate
  • Foundation Type:Block, Concrete
  • Appliances Included:Refrigerator, Stove, Washer, Dryer
  • Rental Equipment:Water Heater
  • Exterior Type:Vinyl
Amenities for 2501, 2503, 2507 102 Route, Lincoln, New Brunswick, E3B7E6 Level lot, Balcony/Deck/Patio, Landscaped
Request Information
Mortgage Calculator Inputs
Mortgage Calculator Results
Note: All calculations for informational purposes only, and should be verified.
Get Pre-Approved

Listing Office: Noreen Barwise Realty Ltd.

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.


Loading..

2501, 2503, 2507 102 Route, Lincoln, New Brunswick, E3B7E6

The out of province listing content on this website is not intended to solicit a trade in real estate. Any consumers interested in out of province listings must contact a person who is licensed to trade in real estate in that province.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.