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Multi-family For Sale

$750,000

894 Principale Street

MLS® Number: NB133320

Floor Area

3,600

Land Size

10,000

Year Built

1991

About This Property

Turnkey investment opportunity positioned directly on Main Street with excellent visibility and tenant appeal. This well-configured 7-unit building includes 2 one-bedroom units, 4 two-bedroom units, and 1 bachelor unit, offering a diversified rental mix that supports stable occupancy and consistent income. Ownership has already completed a major value add: all electrical meters and hot water tank rentals are separated and paid by tenants, significantly reducing operating expenses and improving net returns. 100 AMP panels added to each unit giving you the ability to add even more value by adding heat pumps in each unit as a part of your future upgrades. An additional garage rental provides supplementary monthly income. Location drives demand just minutes from downtown Bathurst and close to shopping, services, schools, and daily amenities, making this a practical choice for long-term tenants. Low management intensity, improved expense structure, and multiple income streams make this a solid addition to any portfolio.

Property Details

Interior Details

Appliances

Refrigerator, Stove

Flooring

Laminate, Vinyl

Heating

Baseboard heaters, Electric

Living Area

3600 sqft

Building & Exterior

Exterior Features

Vinyl

Foundation Details

Slab

Number Of Units Total

7

Stories

2.0

Year Built

1991

Land & Location

Lot Size Area

10000.0 sqft

Lot Size Dimensions

10000

Parcel Number

20402772

Postal Code

E8K2G8

Listing & Financials

Listing Office

eXp Realty

Originating System Name

New Brunswick REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($150,000)
5.5%
25 Years

Estimated Monthly Payment

$3,685

Principal and interest only. Actual rates may vary.

Location & Map

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List Property894 Principale Street - Multi-family for Sale in Beresford, New Brunswick | MLS® NB133320