253 West Lane, Moncton

$800,000

0 Beds

0 Baths

2,160 Sqft

.11 Acres

Prime 6-Unit Multifamily Opportunity Steps from the Moncton Hospital Located just a short walk from the Moncton Hospital, this fully renovated 6-unit property is the definition of a turn-key investment. Completely upgraded from top to bottom in 2018, including roof, interiors, plumbing, electrical, and common areas! The building features five 1-bedroom suites of approximately 360 sq. ft. each, plus one additional studio unit, all designed for function and consistent demand. The property has been professionally managed, ensuring strong tenant relations. As of November 1, the property generates a gross monthly rent of $6,600. Consider all-inclusive leases that appeal to healthcare workers, students, and downtown professionals seeking predictable monthly costs. For investors looking to scale, this building could be an excellent candidate for CMHCs MLI Select program, with median market rents and the potential to add energy-efficient upgrades such as ductless heat pumps (buyer to qualify/verify). Whether youre expanding your portfolio or entering the multifamily market with a solid, low-maintenance asset, this centrally located 6-unit delivers reliability, walkability, and long-term potential. Reach out to your REALTOR® for more information. (id:6289)

Essential Information

Listing #NB130203

Price$800,000

Bathrooms0.00

Square Footage2,160

Acres0.11

TypeMulti-family

Sub-TypeFreehold

Community Information

Address253 West Lane

CityMoncton

ProvinceNew Brunswick