MLS®: NB016030 Status: For sale

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$139,900
Location:

16,17,21 Spring Street, Chipman New Brunswick, E3A1Y3

16,17,21 Spring Street, Chipman New Brunswick
Description:
Are you looking to start your investment portfolio? Or add a money-maker to your existing portfolio? With a CAP rate above 15%, this bundle could be exactly what you are looking for! Located in the scenic rural village of Chipman, close to the local school and grocery store. Sitting on one property at the end of a cul-de-sac, these four buildings house 7 rental units. Two single family, two bedroom (one with office/den) homes, a duplex(2x2 beds), and a triplex (3x2 beds). Most renters are long term with newly renewed contracts. Power cost and appliances are the tenants responsibility. There is no lack of parking for tenants around each building! Some upgrades have been done, including new electrical in one building, some flooring, renovations to create a loft style bedroom in the triplex along with other maintenance items over the past 15 years. All buildings share 1 well water supply. All buildings are on one property and to be sold as one (shared well). Don't miss out on this no-brainer opportunity! (id:2471)
Property:
Type: Multi-family
Lot Dimensions: 0.63 AcresAcreage: 0.63 Acres|1/2 - 1.99 acres
Sewer: Municipal sewage systemWater: Drilled Well, Well
Access: Year-round access
Structure:
Age: 1940
Heating: Baseboard heaters
Heating Type: Electric
Exterior: Vinyl
Flooring: Laminate, Wood
Features:
Cul-de-sac Level lot   
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16,17,21 Spring Street, Chipman New Brunswick

Thompson Real Estate Ltd., Brokerage

Listing Office: RE/MAX East Coast Elite Realty

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