Well-maintained 9-unit apartment building with Creative Financing options and with an excellent rental history located in the heart of Rexton. This property features nine 1-bedroom units, each with its own laundry hookups separate meters and functional layouts that appeal to long-term tenants. The building also includes a large garage that could be purchased separately and ample on-site parking for tenants and guests. Several units are larger than typical 1-bedroom layouts, presenting potential for reconfiguration or the addition of extra units, offering investors a clear opportunity to increase rental income and force appreciation (subject to approvals). Located on Centennial West Avenue, the property is within walking distance to the elementary school, shops, and restaurants, and only 34 km from the Town of Richibucto and approximately 50 minutes to Moncton. This property offers stable income today with strong upside potential. The seller is open to discussing creative financing options, making this an attractive opportunity for investors looking to expand their portfolio with flexible acquisition possibilities. (id:4069)
Address
23 Centennial West
List Price
$950,000
Property Type
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Rexton
Floor Area
5,836 Sq. Ft.
Lot Size
0.5 Sq. Ft.
MLS® Number
NB134444
Listing Brokerage
eXp Realty
Postal Code
E4W1X4
Ownership
Freehold
Appliances
Refrigerator, Stove
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Concrete
Water Source
Drilled Well
Sewer
Municipal sewage system
