Office Listing

Tim Somerville, Sales Associate  |  Michael Dempsey, Sales Representative


Remarks

Welcome to 3564 Route 10! This 9-unit investment building has had many extensive renovations and offers 2-1bdrm units and 7-2bdrm units. Located approximately 20 minutes from Fredericton and has solid numbers, low expenses and shows very well. Rents are: 3 @ $600, 4 @ $900, 1 @ $850 and 1 @ $950. Total rental income- $91,200. The building has 3-phase electrical and only 1-meter. All rents included heat/lights. Approx. expenses are: Insurance $2400, snow removal $750, taxes $2480 and electricity $16,000. Approx. total expenses - $21,630. Approx. net income $69,750. This is a great opportunity and is well worth a look! (id:27)


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