An outstanding opportunity to start or expand your investment portfolio in one of Fredericton's most desirable downtown locations. This two-unit property offers excellent income potential with room for future growth, as current rents are below market value. The property features a spacious main level two-bedroom unit currently rented for $1150 per month plus heat and lights, along with a one-bedroom upper-level unit currently rented for $775 per month plus heat and lights. Leases in effect until September 2027. Each unit is separately metered, providing added convenience for both owners and tenants. Shared laundry facilities on main level. The unbeatable downtown location is one of this property's greatest assets. Walk to restaurants, cafés, shopping, parks, entertainment venues, schools, and the scenic riverfront trail system. Public transit is also nearby, an added convenience. Whether you are purchasing your first income property or adding to an established portfolio, this is a smart investment in a highly sought after area where demand for rental housing remains strong. (id:4069)
Address
390 Northumberland Street
List Price
$349,900
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Fredericton
Floor Area
1,061 Sq. Ft.
Lot Size
243 Sq. Ft.
Year Built
1938
MLS® Number
NB143986
Listing Brokerage
Keller Williams Capital Realty
Postal Code
E3B3K1
Zoning
TP-2
Ownership
Freehold
Features
Level lot, Balcony/Deck/Patio
Appliances
Refrigerator, Stove, Washer, Dryer
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Stone
Water Source
Municipal water
Access To Property
Year-round access, Public Road
Sewer
Municipal sewage system
