188 Mountain Rd, Moncton

$1,600,000

0 Beds
0 Baths
0 Sqft
0 Acres

Don't miss this fantastic opportunity... Prices 200k+ under value means you are buying into instant equity. The upper commercial space could easily be converted to 2 more single bedroom units as there are already 2 bathrooms there. The Iconic Pizza Delight restaurant has been in place for over 30 years and have just signed a new lease for 10 more minimum. With 5 other residential apartments in the building and the extra large lot for severing and re sale of future development make this thing an ideal investment to the future. Seller is also offering a very attractive VTB option at amazing terms to really entice the educated investors.. Lots of renovations and upgrades over the last year including a new Membrane roof with proper sloping and drainage. Add into the mix a great Commercial lease terms (30% of most expenses) and you're looking at the deal of the decade in this area! The seller has also converted the basement (used to house spin it records to a paid storage area for the tenants as well as a paid laundry area for the building. DON'T HESITATE! Reach out to your favorite REALTORĀ® today. (id:6289)

Essential Information
Listing #M159317
Price$1,600,000
Bathrooms0.00
TypeMulti-family
Sub-TypeFreehold
Community Information
Address188 Mountain Rd
CityMoncton
ProvinceNew Brunswick
Postal CodeE1C2L4
Exterior
ExteriorAluminum siding
FoundationConcrete
Listing Details
OfficeKeller Williams Capital Realty

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