Excellent investment opportunity in the heart of Sussex! This well-located 4-unit multifamily property features four 1-bedroom apartments, making it an attractive addition to any investment portfolio. With tenants paying their own heat and electricity, operating costs are kept low while offering strong income potential. There's significant opportunity to increase rents over time, providing excellent upside and the potential to add substantial value. Whether you're looking to expand your portfolio or enter the multifamily market, this property offers outstanding value on a per-door basis. Conveniently situated close to local amenities, shopping, restaurants, and services, this is a desirable location for tenants and a smart long-term investment. Don't miss your chance to own an affordable income-producing property with plenty of room for future growth.Rents: 4 Nelson-$600 (increasing to $618 in December). 6 Nelson-$400 (increasing to $412 in December). 37 Pleasant- $1000 (new tenant). 39 Pleasant-$650 (increasing to $669 in December). (id:4069)
Address
4-6, 36-39 Nelson, Pleasant
List Price
$249,900
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Sussex
Floor Area
2,068 Sq. Ft.
Lot Size
0.12 Sq. Ft.
MLS® Number
NB144249
Listing Brokerage
Coldwell Banker Excellence Realty
Basement Area
Full
Postal Code
E4E1V5
Ownership
Freehold
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Concrete
Number Of Floors In Building
1.5
Water Source
Municipal water
Sewer
Municipal sewage system
