1054 Main Street, Hampton

Situated on a double lot on Main Street in the heart of Hampton, this well-cared-for two-storey property offers five self-contained units and versatility for both investors and owner-occupants. The main floor features a spacious two-bedroom, 1.5-bath suite with laundry, a sunporch, and elevator access to the basement. From there, a small garage-style door provides easy outdoor access, ideal for wheelchair use. The suite also includes basement storage and a side-entry ramp, making it a great option for an owners unit or a premium rental. A one-bedroom apartment on the main floor is rented for $550 per month, while the upper level features three one-bedroom units. One is rented for $600, another for $550, and one has been recently updated and is ready for a new tenant at market rent. The occupied units are currently rented well below market value, offering clear potential to increase income over time. Each unit includes heat in the rent and is individually metered for power, with tenants responsible for their own electricity. Future owners could also explore converting heat to tenant responsibility, reducing expenses and improving cash flow. The property also includes a garage bay that opens to a large basement with a functional workbench, boiler, hot water tanks, and well equipment, along with ample room for storage or a workshop. This building offers strong fundamentals and excellent potential to increase value. Buyer to confirm all measurements. (id:6289)

Essential Information

Listing #NB129605

Price$650,000

Bathrooms0.00

Square Footage3,848

Acres0.49

TypeMulti-family

Sub-TypeFreehold

Community Information

Address1054 Main Street

CityHampton

ProvinceNew Brunswick

Postal CodeE5N6G2

Amenities

FeaturesCorner Site, Wheelchair access

Interior

Has BasementYes

Appliances

Refrigerator, Stove, Washer, Dryer

Heating

Oil Baseboard heaters, Hot Water

Exterior

ExteriorVinyl

FoundationBlock, Concrete

Listing Details

OfficeKeller Williams Capital Realty