53 Principale Street, New Brunswick

LIVE MORTGAGE-FREE OR EARN 12% RETURN! 8 BEDROOMS | 3 UNITS | DETACHED GARAGE | PARTIALLY VACANT POSSESSION.This property in Riviere-Verte is a financial game-changer. It is a massive 8-bedroom building on almost half acre, set up as three separate units. The best part? The two biggest units are VACANT, meaning you get the keys on closing day to either move in or pick your own tenants at top market rates.THE SETUP (3 UNITS):Main Floor (VACANT): Huge 3-bedroom unit. Perfect for you to live in, or rent out for approx. $1,700/mo.In-Law Suite (VACANT): Private 1-bedroom unit with its own entrance. Ideal for an Airbnb or renting for approx. $900/mo.Upstairs (RENTED): Large 4-bedroom unit with a stable tenant paying $1,000/mo.THE MATH (PLAIN ENGLISH):For Homebuyers: Move into the beautiful main floor. The rent from the upstairs tenant and the in-law suite covers your costs. You live for free.For Investors: If you rent out all three units, this property is projected to earn over $33,000 in profit per year (after expenses). That is a massive 12.2% return on your money.NO RENOS NEEDED: The heavy lifting is done. New plumbing, updated electrical, new floors, and a solid roof (9 yrs old). Plus, tenants pay their own heat and lights (separate meters).EXTRAS: Double garage (perfect workshop), carport, and parking for 6 cars. Whether you want to "House Hack" and live for free, or build a high-cashflow portfolio, this is the one with a strong financial proforma. (id:6289)

Essential Information

Listing #X12606678

Price$269,900

Bedrooms3

Bathrooms3.00

Acres0.00

TypeMulti-family

Community Information

Address53 Principale Street

CityNew Brunswick

ProvinceNew Brunswick

Postal CodeE7C2R5

Amenities

AmenitiesPark

Parking Spaces6

ParkingDetached Garage, Garage

# of Garages2

Features

Wheelchair access, In-Law Suite

Interior

Has BasementYes

# of Stories2

Appliances

Water Heater, Dishwasher, Dryer, Two stoves, Washer, Refrigerator

Heating

Electric Baseboard heaters, Other, Not known

Exterior

ExteriorStucco, Vinyl siding

Lot Description100 x 200 FT

FoundationConcrete

Listing Details

OfficeEXP REALTY

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