20 & 30 Dunns Crossing Road, MLS # NB022068, Fredericton Multi-Family For Sale

20 & 30 Dunns Crossing Road, Fredericton, New Brunswick, Canada, E3B2A4

$4,900,000.00

PROPERTY INFORMATION

Property Type:
Multi-Family
Exterior:
Brick, Vinyl,
Age:
2008
Water:
Municipal water
A/C:
No
Heating:
Baseboard heaters
Fireplace:
No
Pool:
No
level
 

Remarks

Exceptional Multi-Residential Income Property for Sale Two sixteen-unit buildings on the same PID. Prime rental property located in Skyline Acres/Forest Hill area of Fredericton. On the bus route and walking trail so just a short walk to the Campuses of UNB and Saint Thomas. One building is @ 4 years old and the other @ 8 years old so they are the youngest apartment buildings in the area. These buildings cater to student housing. There are 15 4-bedroom units and 1 3-bedroom unit in each building for a total of 32 units. The unique revenue model used is based on yearly leases for each room. Most rooms rent for $490 per month so there is a total of 126 rental units. Each unit is furnished (except for the bedrooms) with dining room set, living room furniture, flat screen TV plus fridge, stove, dishwasher and washer and dryer. Weekly housekeeping services are also included as is the electricity. Students can live here and not have to worry about fluctuating costs as everything is looked after for them. Plenty of paved parking also included. (id:5706)

Brokered By: Noreen Barwise Realty Ltd.