240 Dunns Crossing Road Fredericton, New Brunswick E3B 2A6

Baseboard Heaters Landscaped


Great Investment Duplex, built low maintenance minded, panoramic view of SJ River from upper deck. Built about 2003, about 1900 sq.ft/floor, large bedrooms about 14x13. Upper level 6 beds, lower 5, both 2 full baths, large open concept kitchen, eating/LR (about 32x13)leading to scenic view decks, flooring low maintenance ceramic thru lower, upper same but laminate in beds. Upper unit rent 2850mo., lower 2200 now, 2375 in Sept.(up 2100yr). Shared laundry not coin-op. Paved parking, 2 meters, all utilities +internet included. Recent upgrades: lower ba x2: new vanity, sink/faucet, LED lights, new large fridge, washer, fresh paint, curtain rods. HERES THE CRUNCH ! Using new gross income starting Sept. 1/21 and current expenses. GOI 62,700; Expenses 21,634; NOI 41,066; cap rate 7.7%. As non owner occupied, base price 534,900; 20% down; 2.39%, 5 yr/term; $1894PI/mo. Cash on cash return 18%. Invest in income property portfolio: You manage it, touch it, change it, see it, even live in itand you keep management fees! (id:33231)

Property Details

MLS® Number NB058021
Property Type Multi-family
Equipment Type Water Heater
Rental Equipment Type Water Heater


Appliances Refrigerator, Stove, Washer, Dryer
Constructed Date 2003
Exterior Finish Vinyl
Flooring Type Ceramic, Laminate
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 2
Total Finished Area 3800 Sqft
Type Duplex
Utility Water Municipal Water


Access Type Year-round Access
Acreage No
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Irregular 743 Sq Meters
Size Total Text 743 Sq Meters|under 1/2 Acre



Contact us for more information

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John Yerxa

(506) 260-4520

Exp Realty
82 Westmorland Street, Suite 406a
Fredericton, New Brunswick E3B 3L3

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