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:47421)
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Detailed Information
Location Description
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
Municipal ID
20402772
Ownership Type
Freehold
Property Type
Multi-family
Transaction Type
For sale
Building
Appliances
Refrigerator, Stove
Constructed Date
1991
Exterior Finish
Vinyl
Flooring Type
Laminate, Vinyl
Foundation Type
Slab
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
2
Total Finished Area
3600 sqft
Utility Water
Municipal water
Land
Total Size
10000 square feet
Sewer
Municipal sewage system
Size of Irregular Land
10000
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