201 St John Street, Fredericton, New Brunswick, E3B4B1
Well maintained 5 Unit has been in the family for more than 75 years. An ideal investment if you live in one unit and have the other units pay the mortgage. Why not live rent free? This gem prominently sits on the corner of St. John and George St. Offering 2- 2 bedroom, 2- 1 bedroom PLUS 2 Bachelor. The 1 bedroom could easily be converted to a 2 bedroom or keep as a 1 bedroom and use the extra space as an existing office area. All units are heated and lighted. This gem has a unique style and not in a flood zone. Location makes for easy walking to the market, shopping centre, art gallery, library etc. Showcasing a maintenance free metal roof, stone complimented with warm vinyl tone siding has an extra large paved lot, Electric furnace, Coin operated washer and dryer inside the building. All apartments are rented and currently generate a monthly income of $4125. Majority of units are below the avg market rent for the area. Recent reno's include new windows, floors plus cosmetic upgrades. Water heater is 7 years old and is owned. Steel roofing was done 12 years ago. 4 new masses 7 years ago supporting 200amps. All Measurements to be verified by purchaser. Annual leases are in place with an expiry of Aug 31, 2021. (id:2471)
- Property Address: 201 St John Street, Fredericton, New Brunswick, E3B4B1
- Property Type: Multi-family
- Title: Freehold
- Acreage: under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Access: Year-round access
- Structure Style: Fourplex
- Total Finished Area: 3500 sqft
- Building Age: 1950
- Heating Type: Electric
- Exterior Type: Concrete, Stone, Vinyl
- Flooring: Carpeted, Wood
- Foundation Type: Stone
- Appliances Included: Refrigerator, Stove, Washer, Dishwasher, Dryer
- Level lot
- Corner Site
Listing Office: RE/MAX East Coast Elite Realty
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