32
566 Route 111
$489,900 Sale
Listed 1 day
· 0
· 0.0
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· 2300
Key Facts
Key facts for 566 Route 111
Property Type
Apartment, Triplex
Parking
Garage: No, 0 parking
MLS #
NB126956
Size
2300 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1967
Maintenance Fee
-
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 b...rand-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 $1,250 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 $52,000 and operating expenses of just $10,230, this property delivers a net income of $41,770, making it a lucrative investment opportunity. New Gravel in Driveway. Dont miss out. (id:10452)
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Listing courtesy of: RE/MAX Professionals
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