Property Details
128-132 Forest Hill Road, Fredericton, New Brunswick, E3B4K1
Sales Representative
eXp Realty - Fredericton
Cell: 506-471-4526
$599,900 - For sale
5 unit building sitting on 2290 sq. m. lot consisting of 1-5 bedroom rent $2150, 2-4 bedrooms rents $1800 each, 1-3 bedroom rent $1150, and a 2 storey loft unit rent $1200 with sun bbq deck at back of building overlooking river which is 1 bedroom but could be 2 (perfect owner unit). The 3 bed unit has very large bedrooms just became vacant and renos starting soon, rent increase possibility. There are 3 power meters: 1 for a 3 bed, 4 bed and loft; 1 for 4 bed; 1 for 5 bed. Landlord provides heat, lights, internet, and periodic cleaning service. Very close to 2 universities, on bus route, near all amenities. A 32 unit is under construction directly beside this, which is next to a 130 unit project recently approved for micro boutique units. All along this section of Forest Hill Road are many multi unit buildings ranging from 2 to 24+ units, tenant mix mostly young working professionals and students. Currently R4 zoning. Great future large scale multi-unit project location possibilities. Financials are 2020, Cap Rate about 5.9%. Historic low interest rates and low vacancy rates present an opportunity for a strong future financial position. (id:286)
Location DescriptionFredericton South - Forest Hill Road
- Property Address:128-132 Forest Hill Road, Fredericton, New Brunswick, E3B4K1
- Property Type:Multi-family
- Title:Freehold
- Lot Size:2290 Sq M.
- Acreage:2290 Sq M.|1/2 - 1.99 acres
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Year-round access
- Building Age:1974
- Total Finished Area:6000 sqft
- Heating Type:Oil, Baseboard heaters, Hot Water
- Flooring:Carpeted, Vinyl, Wood
- Foundation Type:Block, Concrete
- Appliances Included:Refrigerator, Stove, Washer, Dryer
- Rental Equipment:Water Heater
- Exterior Type:Colour Loc, Vinyl
Sales Representative
eXp Realty - Fredericton
Cell: 506-471-4526
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- Map 128-132 Forest Hill Road, Fredericton, New Brunswick, E3B4K1
- Neighbourhood Information
128-132 Forest Hill Road, Fredericton, New Brunswick, E3B4K1
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