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Annual gross income of $98,000! This one is too good to be true!!!! Here we have a 9 unit, extremely profitable building with very minimum expenses and a formula that cannot fail you.Seven out of the nine units have been completely renovated. This is in a small community with lots of current and future development going on and there is a strong demand for multi units and next not a whole lot of availability. Great location next door to gas station for convenience, just 5 minutes outside of the village of Minto and amenities, 15-20 minutes to Grand Lake, and under 30 minutes to Fredericton or Oromocto. The building has seen major renovations to most units, along with the roof and exterior recently updated. The property has high visibility, three phase power, plenty of parking, and large 2 acre lot with the opportunity to build another building. If you've been looking for a rental property to add to your portfolio, this is it! (27131633)
From Fredericton, Follow Route 10 towards Minto, property on right just before Esso gas station.
Property Type
Multi-family
Annual Property Taxes
$2,490.29 (CAD)
Time on REALTOR.ca
114 days
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