17 Baxter Street Norton, New Brunswick E5T 1A1

$374,900

A rare opportunity to own a fully occupied four-unit multi-family property in the heart of Norton, NB! With very few multi-family properties that come available in the area, this is a solid investment with excellent income potential. Each of the spacious units offers 2 bedrooms and 1 bath, with Unit 4 featuring an additional den. All tenants pay their own utilities. Rental income breakdown as follows: Unit 1 $725/month; 2 $750/month; 3 $750/month; 4 $800/month. Each unit is equipped a washer and dryer, though in one unit, the tenant owns the washer and dryer, and in another, the tenant owns the dryer. Water is supplied by two drilled wells and features a reverse osmosis water treatment system, the property is connected to municipal sewage. Sitting on a large 1.38-acre lot spanning four PIDs, the property offers ample parking and plenty of outdoor space, a rare find for a multi-unit building. This is a great opportunity for investors looking for a turnkey rental property with room to enhance value through unit improvements and rent adjustments. Its also an excellent option for a buyer looking to offset their living expenses by residing in one unit while generating income from the others. Dont miss outschedule a viewing today! Annual Expenses: taxes (2024) $2662, municipal sewage $1000, insurance $2500. 24 hour notice required for all showings. Offers due Feb 25, 12pm. (id:53560)

Property Details

MLS® Number	NB112813
Property Type	Multi-family
Equipment Type	Water Heater
Rental Equipment Type	Water Heater

Building

Appliances	Refrigerator, Stove, Washer, Dryer
Basement Type	Crawl Space
Exterior Finish	Vinyl
Foundation Type	Block
Heating Type	Baseboard Heaters
Total Finished Area	1920 Sqft
Type	Fourplex
Utility Water	Drilled Well

Land

Acreage	Yes
Sewer	Municipal Sewage System
Size Irregular	1.38
Size Total	1.38 Ac
Size Total Text	1.38 Ac

https://www.realtor.ca/real-estate/27929272/17-baxter-street-norton