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785-787 Main Street Moncton, New Brunswick E1C 1E9
$1,025,000
This prime investment opportunity is perfectly situated in the heart of downtown Moncton, offering an unbeatable location and steady rental income. The building consists of one commercial unitcurrently occupied by Cest la Vie Café as a long-term tenant on a secure leaseand four fully occupied residential units. Please note, the café is not for sale but will remain as a tenant, providing consistent revenue for the new owner. Basement is partially finished. The residential units boast an impeccable rental history with no vacancies since 2012, contributing to a total rental income of over $120,000 annually. The building is efficiently heated with natural gas, hot water radiators, and electric mini splits, while its position between two other buildings enhances energy efficiency. With separate utility metering, minimal additional expenses, and the commercial tenant covering snow removal, garbage, and patio costs, this property offers low maintenance and strong profitability. Priced at $1,025,000, this investment promises excellent returns. Detailed financials are available in the attached income/expense statement, or contact the listing agent for further information. Properties like this1 commercial unit and 4 residential unitsrarely come on the market in downtown Moncton. Dont miss this opportunity! (id:53560)
Property Details
| MLS® Number | NB107278 |
| Property Type | Multi-family |
| EquipmentType | Water Heater |
| RentalEquipmentType | Water Heater |
Building
| Appliances | Refrigerator, Microwave, Stove, Washer, Dryer |
| CoolingType | Heat Pump |
| ExteriorFinish | Aluminum/vinyl |
| FlooringType | Ceramic, Laminate, Linoleum |
| FoundationType | Concrete, Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Heat Pump, Hot Water, Radiator |
| StoriesTotal | 3 |
| TotalFinishedArea | 5550 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeIrregular | 215 |
| SizeTotal | 215 M2 |
| SizeTotalText | 215 M2 |
| ZoningDescription | Commercial & Residen |
https://www.realtor.ca/real-estate/27503844/785-787-main-street-moncton
Moncton Region Office
Moncton, New Brunswick E3B 2M5
(506) 476-0852
Moncton Region Office
Moncton, New Brunswick E3B 2M5
(506) 476-0852
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October 23 2024 07:24:18
Saint John Real Estate Board Inc
Exp Realty