This rental investment has it all: close to amenities, close to major, dependable employers, a family- friendly walkable neighbourhood, positive cash flow, in a trendy upward area, with long-term tenants and the potential for additional units. This 3BR/2Bath freehold townhouse in quickly growing Marysville is walking distance to parks, the trail system, workplaces, the pharmacy and other shops, churches, the baseball field and popular meet-up coffee shop The Landing. With a public transit stop right outside the door and the Hwy 8 bypass minutes away, roads take you uptown, downtown or out to the country in 15 mins. Annual revenue of almost $22,000. SNB lease and security deposit in place. Tenants pay own heat, hot water and lights. The charm of the property, historic Marysville and views of the Nashwaak River combined with special features like outdoor gardening space, oodles of storage, a covered front porch and enclosed back porch attract long-term tenants who take extra care. The property is professionally managed and maintained by Nest PM. With a lower list price than most rentals, this is a great opportunity for first-time investors without the added expense of monthly condo fees or mini home park rental. Seasoned investors may be interested in buying both 2 & 4 River Street. With the new City zoning and additional land included on the corner with 2 River, there is the potential for further development. Note that measurements exclude areas with angled ceilings. (id:4069)
Address
2 River Street
List Price
$249,900
Property Type
Single Family
Type of Dwelling
Row / Townhouse
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Fredericton
Bedrooms
3
Bathrooms
2
Half Bathrooms
1
Floor Area
1,363 Sq. Ft.
Lot Size
332 Sq. Ft.
MLS® Number
NB148430
Listing Brokerage
Keller Williams Capital Realty
Postal Code
E3A4L6
Ownership
Freehold
Site Influences
Recreation Nearby, Park, Public Transit, Shopping, View
Features
Level lot, Golf course/parkland, Balcony/Deck/Patio
Heat Source
Electric, Oil
Heat Type
Baseboard heaters, Forced air
Foundation Details
Stone
Number Of Floors In Building
1.5
Water Source
Municipal water
Access To Property
Year-round access, Public Road
Sewer
Municipal sewage system
