$499,900

Investment For Sale In Moncton, New Brunswick

$499,900

Property Information:

ATTENTION INVESTORS!!You wont want to miss this fully furnished & cashflow positive 6 UNIT property in DOWNTOWN MONCTON! Currently 5 units are used as a reputable AirBnb and 1 unit is a long term rental. Add this to your portfolio of AirBnd or sign on new tenants, either way this property is a money maker! With countless updates made over the recent years and the income this produces, opportunities like these don't last long! Contact your REALTOR® today to obtain the income and expenses. Let me be clear, this property as an AirBnb can be bought at a cap rate of nearly %12! Or, convert the numbers to a long term rental and this can be bought at a cap rate of %9.5 and your rental income wont be even close to its market cap! (id:27)

Building Features:

  • Style: Multiplex
  • Amenities: Street Lighting
  • Basement Development: Unfinished
  • Basement Type: Common
  • Floor Space: 5031 Square Feet
  • Foundation Type: Block, Concrete
  • Total Finished Area: 5031 sqft
  • Heating Fuel: Electric, Oil
  • Cooling Type: Air Conditioned

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Year-round access
  • Communication Type: High Speed Internet
  • Floor Space (approx): 5031.00 Square Feet
  • Lot Size: 465 Sq Meters
  • Utility Type: Cable - Available
  • Sewer: Municipal sewage system

Courtesy of: EXP Realty

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.