A rare opportunity to own a fully occupied four-unit multi-family property in the heart of Norton, NB! With very few multi-family properties that come available in the area, this is a solid investment with excellent income potential. Each of the spacious units offers 2 bedrooms and 1 bath, with Unit 4 featuring an additional den. All tenants pay their own utilities. Rental income breakdown as follows: Unit 1 $725/month; 2 $750/month; 3 $750/month; 4 $800/month. Each unit is equipped a washer and dryer, though in one unit, the tenant owns the washer and dryer, and in another, the tenant owns the dryer. Water is supplied by two drilled wells and features a reverse osmosis water treatment system, the property is connected to municipal sewage. Sitting on a large 1.38-acre lot spanning four PIDs, the property offers ample parking and plenty of outdoor space, a rare find for a multi-unit building. This is a great opportunity for investors looking for a turnkey rental property with room to enhance value through unit improvements and rent adjustments. Its also an excellent option for a buyer looking to offset their living expenses by residing in one unit while generating income from the others. Dont miss outschedule a viewing today! Annual Expenses: taxes (2024) $2662, municipal sewage $1000, insurance $2500. 24 hour notice required for all showings. Offers due Feb 25, 12pm. (id:47421)
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Detailed Information
Equipment
Water Heater
Location Description
Take the Norton exit, follow RTE 124 across the bridge, take the 2nd right onto Baxter St. Property on the left of Baxter St.
Municipal ID
00102905
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Building
Appliances
Refrigerator, Stove, Washer, Dryer
Basement Type
Crawl space
Exterior Finish
Vinyl
Foundation Type
Block
Heating Type
Baseboard heaters
Total Finished Area
1920 sqft
Type
Fourplex
Utility Water
Drilled Well
Land
Total Size
1.38 acres
Acreage
Yes
Sewer
Municipal sewage system
Size of Irregular Land
1.38
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