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$ 849,000
Est. payment | /mo
0.37 Acres Lot
$ 849,000
Est. payment | /mo
0.37 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID NB118625
Year Built 1972
Lot Size 0.368 Acres
Acres 16027.0
Source New Brunswick Real Estate Board
Property Description
Welcome to 570 Tartan Street, a well-maintained 6-unit apartment building offering strong rental income, quality upgrades, and dependable returns. This property features five 2-bedroom units and one 1-bedroom unit, with five units currently rented: Unit #1 at $1,250, Unit #2 at $1,400, Unit #3 at $1,450, Unit #4 at $1,550, and Unit #6 at $1,600. Unit #5 is currently vacant and advertised at $1,450. Updates include a new roof and ventilation system, a high-efficiency furnace, and basement improvements with new structural posts and proper drainage. The building is in excellent condition with responsible tenants and is located near shopping, transit, and essential amenities. The property generates $85,931.32 in rental income and $3,776 from coin-operated laundry, totaling $89,707.32 annually, with expenses of $45,063.92 and a net income of $44,643.40making this a smart, turn-key investment opportunity. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Hot Water,
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Listed by EXIT Realty Specialists