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Multi-family For Sale

$950,000

23 Centennial West

MLS® Number: NB134444

Floor Area

5,836

Land Size

0.5

About This Property

Well-maintained 9-unit apartment building with Creative Financing options and with an excellent rental history located in the heart of Rexton. This property features nine 1-bedroom units, each with its own laundry hookups separate meters and functional layouts that appeal to long-term tenants. The building also includes a large garage that could be purchased separately and ample on-site parking for tenants and guests. Several units are larger than typical 1-bedroom layouts, presenting potential for reconfiguration or the addition of extra units, offering investors a clear opportunity to increase rental income and force appreciation (subject to approvals). Located on Centennial West Avenue, the property is within walking distance to the elementary school, shops, and restaurants, and only 34 km from the Town of Richibucto and approximately 50 minutes to Moncton. This property offers stable income today with strong upside potential. The seller is open to discussing creative financing options, making this an attractive opportunity for investors looking to expand their portfolio with flexible acquisition possibilities.

Property Details

Interior Details

Appliances

Refrigerator, Stove

Flooring

Vinyl

Heating

Baseboard heaters, Electric

Living Area

5836 sqft

Building & Exterior

Exterior Features

Aluminum/Vinyl

Foundation Details

Concrete

Number Of Units Total

9

Land & Location

Lot Size Area

0.5 acres

Lot Size Dimensions

0.5

Parcel Number

25140641

Postal Code

E4W1X4

Listing & Financials

Listing Office

eXp Realty

Originating System Name

New Brunswick REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($190,000)
5.5%
25 Years

Estimated Monthly Payment

$4,667

Principal and interest only. Actual rates may vary.

Location & Map

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List Property23 Centennial West - Multi-family for Sale in Rexton, New Brunswick | MLS® NB134444