566 Route 111, Willow Grove

Welcome to 566 Route 111, a fully rented triplex that blends modern upgrades with excellent investment potential in a serene rural setting. This property has undergone extensive renovations, ensuring both comfort and value. The top unit is a bright, completely updated 3-bedroom apartment featuring brand-new flooring, trim, fixtures, and a stylishly redesigned kitchen and bathroom. It currently rents for $1,700 per month with heat and lights included. The middle unit, which is identical in layout to the top floor, presents an exciting opportunity to update and increase its rental income, as it is currently rented at $1,250 per month, also with heat and lights included. On the lower level youll find a coin-operated laundry and a storage area, along with a beautifully renovated 1-bedroom unit boasting fresh flooring, trim, fixtures, and a modern kitchen and bath, renting for $1,300 per month with utilities included. All three units are equipped with energy efficient mini-split heat pumps for year-round comfort. The property also offers a private yard, perfect for entertaining, along with close proximity to St. Martins, SJ Airport, east Saint John, Quispamsis, and several nearby lakes, providing an ideal balance of rural charm and urban convenience. With a gross annual income of $52,000 and operating expenses of just $10,454, this property delivers a net income of $41,546, making it a lucrative investment opportunity. New Gravel in Driveway. Dont miss out. (id:6289)

Essential Information

Listing #NB126956

Price$489,900

Bathrooms0.00

Square Footage2,300

Acres0.63

Year Built1967

TypeMulti-family

Sub-TypeFreehold

Community Information

Address566 Route 111

CityWillow Grove

ProvinceNew Brunswick

Postal CodeE2S1M9

Amenities

FeaturesBalcony/Deck/Patio

Interior

HeatingBaseboard heaters, Heat Pump

CoolingHeat Pump

Appliances

Refrigerator, Microwave, Stove, Washer, Dryer

Exterior

ExteriorVinyl

Exterior FeaturesLandscaped

FoundationConcrete

Listing Details

OfficeRE/MAX Professionals

Properties for Sale Similar to 566 Route 111, Willow Grove, New Brunswick

101 Red Head Road, Saint John

$399,000 - 1,500 Sf

MLS® # NB125688

Century 21 All Seasons Realty