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658-660 Charlotte Street Fredericton, New Brunswick E3B 1M3

Baseboard Heaters

$319,900

Here is an affordable chance to start or build your investment portfolio! This 3 unit home is located in a prime downtown location, right by the Charlotte Street Arts Centre, Queen's Square, public pool, tennis courts, walking trails, parks, shops and restaurants. It is also within walking distance to UNB and often attracts student tenants. These modest, affordable apartments never have vacancies. The main floor consists of a one bedroom unit currently rented for $875 with heat and lights included. Another small 1 bedroom unit also occupies the main floor of this building and currently rents for $595/mth plus heat and lights. The top floor is a 3 bedroom unit currently renting for $1100 per month plus heat and lights. All leases are in place until July/August 2021. Rents are conservative in this market and could certainly be increased to generate additional cash flow. This building has been many recent improvements, including new roof shingles in 2017 ($12,706.85), new flooring in Apt 1. ($3500), driveway upgrades 2019 and 2 new stoves in 2020. There is no laundry in this building, but the laundromat is literally 2 doors down. Rear fire escape needs replacing and Vendor is willing to provide an allowance for this with an acceptable offer (quote on file). (id:33231)

Property Details

MLS® Number NB053630
Property Type Multi-family
Equipment Type Water Heater
Rental Equipment Type Water Heater

Building

Appliances Refrigerator, Stove
Constructed Date 1950
Exterior Finish Vinyl
Foundation Type Stone
Heating Fuel Electric
Heating Type Baseboard Heaters
Roof Material Metal
Roof Style Unknown
Stories Total 2
Total Finished Area 1974 Sqft
Type Triplex
Utility Water Municipal Water

Land

Access Type Year-round Access
Acreage No
Sewer Municipal Sewage System
Size Irregular 174 Sq. M
Size Total Text 174 Sq. M|under 1/2 Acre

https://www.realtor.ca/real-estate/22818048/658-660-charlotte-street-fredericton

Interested?

Contact us for more information


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Natalie Webb
Salesperson

(506) 476-9322
(506) 452-1590
www.nataliewebb.com

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

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