566 Route 111

Willow Grove, New Brunswick, E2S1M9

Multi-family
2,300 sq ft

Listing brokerage: RE/MAX Professionals

Listing REALTOR®: Rob Macdonald, Salesperson

MLS® number: NB142145

Data provided by: New Brunswick

View this listing on REALTOR.ca

About this property

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 brand-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 $1,300 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 $52,600 and operating expenses of just $10,454, this property delivers a net income of $42,146, making it a lucrative investment opportunity. New Gravel in Driveway. Dont miss out. (id:67706)

Details

Property type: Multi-family
Building type: Triplex
Ownership: Freehold
Units: 3
Living area: 2,300 sq ft
Lot size: 0.63
Year built: 1967
Heating: Heat Pump, Baseboard heaters
Cooling: Heat Pump
Foundation: Concrete
Exterior: Vinyl
Flooring: Laminate, Ceramic, Vinyl
Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
Water: Drilled Well, Well
Sewer: Septic System
Annual taxes: $3,455
MLS® number: NB142145

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