17 Baxter Street,Norton, NB E5T1A1
Norton, NB E5T1A1
Description
A rare opportunity to own a fully occupied four-unit multi-family property in the heart of Norton, NB! With very few multi-family properties that come available in the area, this is a solid investment with excellent income potential. Each of the spacious units offers 2 bedrooms and 1 bath, with Unit 4 featuring an additional den. All tenants pay their own utilities. Rental income breakdown as follows: Unit 1 $725/month; 2 $750/month; 3 $750/month; 4 $800/month. Each unit is equipped a washer and dryer, though in one unit, the tenant owns the washer and dryer, and in another, the tenant owns the dryer. Water is supplied by two drilled wells and features a reverse osmosis water treatment system, the property is connected to municipal sewage. Sitting on a large 1.38-acre lot spanning four PIDs, the property offers ample parking and plenty of outdoor space, a rare find for a multi-unit building. This is a great opportunity for investors looking for a turnkey rental property with room to enhance value through unit improvements and rent adjustments. Its also an excellent option for a buyer looking to offset their living expenses by residing in one unit while generating income from the others. Dont miss outschedule a viewing today! Annual Expenses: taxes (2024) $2662, municipal sewage $1000, insurance $2500. 24 hour notice required for all showings. Offers due Feb 25, 12pm. (id:13843)
Details
| MLS# | NB112813 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Days On Site | 69 |
| Listing Provided By | KELLER WILLIAMS CAPITAL REALTY | Lindsay Mackenzie |
Features
| SQ Feet | 1,920 |
|---|---|
| Basement | Y |
| Units | 4 |
| Acreage | 1.38 |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Norton |
| Postal Code | E5T1A1 |
| Listing VS Median (in E5T1A1) | |
Price: $374,800 low | high Med: $374,800 SqFt: 1,920 low | high Med: 1,920 $ / SqFt: $195 low | high Med: $195 On site: 69 low | high Med: 69.000000 | |