Property Details

128-132 Forest Hill Road, Fredericton, New Brunswick, E3B4K1

128-132 Forest Hill Road, Fredericton, New Brunswick, E3B4K1 (ID NB051533)
Representative
Rob Brown portrait
Rob Brown
Sales Representative
eXp Realty - Fredericton
Cell: 506-471-4526

$599,900 - For sale

ID#:NB051533

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 Details
  • 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
Structure Details for 128-132 Forest Hill Road, Fredericton, New Brunswick, E3B4K1
  • 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
Amenities for 128-132 Forest Hill Road, Fredericton, New Brunswick, E3B4K1 Treed, Sloping, Balcony/Deck/Patio
Representative
Rob Brown portrait
Rob Brown
Sales Representative
eXp Realty - Fredericton
Cell: 506-471-4526
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Listing Office: eXp Realty

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128-132 Forest Hill Road, Fredericton, New Brunswick, E3B4K1

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